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Synesis IT, AAA Finance ink deal to enroll in capital mkt

  • Staff Correspondent
  • 24 August, 2021 12:00 AM
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Synesis IT, AAA Finance ink deal to enroll in capital mkt
Synesis IT Managing Director Shohorab Ahmed Chowdhury and AAA Finance CEO and Managing Director Mohammad Obaydur Rahman exchange documents after signing an agreement in the capital on Sunday.

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Synesis IT and AAA Finance and Investment Limited signed a Memorandum of Understanding (MoU) to enter the capital market.

The agreement was signed at the head office of Synesis IT Limited on Sunday, said a press release.

Under the agreement, Synesis IT has decided to assign AAA Finance Limited as the issue manager to raise funds from the capital market.

The two companies signed the agreement to raise capital from the capital market through an initial public offering (IPO).

Synesis IT Limited Managing Director Shohorab Ahmed Chowdhury and AAA Finance CEO and Managing Director Mohammad Obaydur Rahman signed the agreement on behalf of their respective organisations.

From AAA Finance and Investment Limited Md Khalid Hossain, Deputy General Manager and Head of Issue Management, Abdus Salam Khan, Director, Ahmed Ashikur Rahman, CFA, Manager, and from Synesis IT Harun Ur Rashid, Vice Chairman, Abdur Rashid, Director, AKM Karim Us Shan, Deputy General Manager were present at the signing ceremony.