RAK Ceramics lists Bangladesh subsidiary

RAK Ceramics has said the listing process of its Bangladesh subsidiary has been completed at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The company received initial public offering collection of more than $258.6m in Bangladesh to make the company debt-free and fund future projects in the Asian country. The public portion of the IPO was around 15 times oversubscribed.

Posted on Monday, June 21-2010

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