Refer to their earlier news disseminated by DSE on 23.01.2020 regarding "Decision to establish a Subsidiary Company", the Company has further informed that the Board of Directors has decided to take over the sponsor shares up to 65% where the Board approved Paid-up Capital TK. 10,00,00,000.00 only as against Authorized Capital of Tk. 40,00,00,000.00 of the proposed Subsidiary Company named IBN SINA Polymer Industry Ltd. in order to (cont.)