Home Ace Alliance Power to issue $805mn preference shares

Ace Alliance Power to issue $805mn preference shares

A subscription closing ceremony to raise capital through issuance of Preference Shares worth BDT 805 Million for Ace Alliance Power Limited, a concern of Summit Group was held on March 19, 2019 at InterContinental Dhaka.

LankaBangla Finance Limited acted as the Mandated Arranger, LankaBangla Investments Limited acted as the Issue Manager and BRAC Bank Limited acted as the Agent, Account Bank & Custodian Bank for the transaction.

In the event, Mr. Md. Mozammel Hossain, Managing Director of Ace Alliance Power Limited, Mr. Lt Gen (Retd) Engr. Abdul Wadud, Managing Director of Summit Power Limited, Mr. Khwaja Shahriar, Managing Director & CEO of LankaBangla Finance Limited, Mr. Mohammed Nasir Uddin Chowdhury, Managing Director of LankaBangla Capital Market Operations, Mr. S. M. Formanul Islam, Executive Director & CEO of Bangladesh Infrastructure Finance Fund Limited, Mr. Md. Mehmood Husain, Managing Director of NRB Bank Limited, Mr. Zafar Alam, Additional Managing Director of Bangladesh Commerce Bank Limited, Mr.Emranul Huq, Additonal Managing Director of Dhaka Bank Limited, Mr. Md. Kyser Hamid, DMD and Head of Retail Business of IPDC Finance Limited along with other senior officials from the companies were present.

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