Intraco Refueling plans to merge with 3 other CNG stations
Photo: Courtesy
Itraco Refueling has decided to merge its business with three other CNG stations.
The directors of the company have approved the amalgamation proposal with M HYE & Co CNG Refueling Station, Nessa & Sons Limited and Good CNG Re-Fueling Station Limited, according to Dhaka Stock Exchange (DSE) disclosure.
The amalgamation will be implemented subject to the creditors, shareholders, high court and the securities regulator's approval.
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Intraco shares at the DSE jumped over 9% to Tk41.30 apiece in the early session on Monday (28 August).
