news in brief
ACI to float new subsidiary
ACI is going to set up a new subsidiary named ACI Marine Riverine Technologies, according to a posting on the website of the Dhaka Stock Exchange.
The new subsidiary’s authorised capital would be Tk 50 crore and paid-up capital Tk 10 crore.
ACI will hold 77 percent shares in the subsidiary. Prices of ACI stocks rose 0.35 percent to Tk 258.5 on the DSE yesterday.
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