The Company has informed that Board of Directors has decided to make equity investment in Saleh Steel Industries Limited, registered address 85, Nasirabad, Chittagong, with a view to subscribe 99% (approx.) of its existing equity shares amounting Tk. 24.75 Crore and invest further Tk. 134.00 crore (approx.), for smooth operation, against which Saleh Steel Industries Limited will issue new shares to S. S. Steel Limited. (cont. 1)