Dhaka Regency Hotel and Resort Limited, a new generation business class hotel organized a Road Show for eligible investors on April 19, 2016 at its Celebration hall for the initial public offering (IPO) under Book-building method. The Managing Director, Directors and top management of Dhaka Regency Hotel and Resort limited, representatives from Dhaka Stock Exchange and Chittagong Stock Exchange, officials from Issue Managers LankaBangla Investments Limited and Banco Finance & Investment Limited, officials from Registrar to the issue ICB Capital Management Limited and representatives from Banks, NBFIs, Merchant Bankers, Stock Brokers, Asset Management companies were present in the event. Dhaka Regency expects to collect a amount of TK.60 crore from IPO, 60% of the fund will be raised from the eligible investors. The fund raised from IPO will be utilized to expand its business by setting up an international standard hotel in Cox’s Bazar, renovation of its existing products and services, and to repay existing loan.
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