Hakkani Pulp plans to increase paid-up capital by Tk 16 crore

Business Desk :
Hakkani Pulp & Paper Mills Ltd has decided to increase its paid-up capital by Tk 16 crore to improve the flow of working capital and ensure an uninterrupted and smooth operation of the company.

In a meeting on Monday, the board of directors decided to raise the paid-up capital through the issuance of seven crore ordinary shares of Tk 10 each among existing sponsors and directors and another nine crore shares among other shareholders, according to a filing on the Dhaka Stock Exchange.

The plan is subject to the approval of general shareholders in the extraordinary general meeting and the Bangladesh Securities and Exchange Commission.