Cash-strapped Lub-rref gets nod to pivot IPO funds for survival
The BSEC has allowed Lub-rref to redirect around Tk20 crore in unused IPO proceeds to settle outstanding liabilities and support working capital, but the company must return the funds to its IPO account within a year as it struggles with mounting losses and production constraints.
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TBS News Independent
The BSEC has allowed Lub-rref to redirect around Tk20 crore in unused IPO proceeds to settle outstanding liabilities and support working capital, but the company must return the funds to its IPO account within a year as it struggles with mounting losses and production constraints