Dhaka, Bangladesh (BBN)– The ACME Laboratories Limited will offload its share through Initial Public Offering (IPO) for expanding the operations.

An agreement was signed between ICB Capital Management Limited and the ACME Laboratories Limited on Tuesday in this connection.

ICB Capital Management Limited (ICML), a subsidiary of Investment Corporation of Bangladesh (ICB) has been appointed as Manager to the Issue.

Md. Fayekuzzaman (Managing Director), Nasir Uddin Ahmed (General Manager) of ICB, Moshiur Rahman (Chief Executive Officer) of ICB Capital Management Limited and Nasir-ur-Rahman Sinha (Chaiman), Mizanur Rahman Sinha (Managing Director), Afjzalur Rahman Sinha (Deputy Managing Director), Hasibur Rahman (Executive Director) of ACME and other high officials of both companies were present in the signing ceremony.

At present, a total of 20 companies are listed in pharmaceutical and chemical category on Dhaka Stock Exchange (DSE).

BBN/SSR/AD-05Jan12-11:07 am (BST)