News in brief

KDS Accessories to raise production capacity

Listed garment accessories maker KDS Accessories has decided to spend $91,000 to procure crochet and flexo printing machines which, with its existing setup for elastics and label, will enhance annual production capacity by approximately four crore pieces.

Beach Hatchery to farm freshwater fish

Listed company Beach Hatchery has signed agreements to take lease of 101.19 acres of land in Mymensingh’s Trishal upazila till 2024 to farm tilapia, yellowtail catfish, climbing perch, olive barb and others.

UCB to issue Tk 400cr perpetual bonds

United Commercial Bank’s board of directors has decided to raise Tk 400 crore by issuing perpetual bonds, subject to approval of all regulatory authorities concerned, to comply with Basel-III requirements.