http://www.thefinancialexpress-bd.com/more.php?news_id=98036&date=2010-04-20
PHP power plant to offload shares in the capital market
Our Correspondent
Chittagong, Apr 19: PHP Power Generation Plant Ltd, a concern of the country’s major industrial enterprise PHP Group, is shortly floating its shares in the capital market.
A memorandum of understanding (MoU) was signed in this regard between PHP Group and Industrial and Infrastructure Development Finance Co Ltd (IIDFC) today at the PHP head office in the city.
The MoU was signed by PHP chairman Mizanur Rahman and IIDFC chairman M Matiul Islam. Managing director of IIDFC Asaduzzaman Khan, MD of PHP Power Generation Plant Ali Hussain Chowdhury, director Akhter Parvez Chowdhury and senior officials were present on the occasion.
IIDFC chairman said the capital market would have grown much stronger if the major entrepreneurs come forward with their shares in the bourses.
The PHP power plant was established in 2002 with an installed capacity of 15 megawatt electricity.
