Aman Feed Limited, a diversified company listed on the stock exchange, is receiving a low interest loan of around Tk 300 crore from a German financial institution. A reliable source of the company has confirmed this information.
According to the source, two representatives of the German company visited Aman Feed’s factory last Thursday. At the end of the visit, the delegates expressed satisfaction over the production activities and marketing process of the company and expressed interest in getting involved in the overall activities of the company through necessary loan assistance.
It is learned that the company owes a total of about Tk 262 crore, including interest, to private lender AB Bank. With the money received from the foreign company, the entire debt including interest of AB Bank will be paid.
A senior company official, speaking on condition of anonymity, said the matter would be submitted to the regulatory body Bangladesh Securities and Exchange Commission (BSEC) in a timely manner for approval.
In this regard, company secretary Md. Moniruzzaman told the media that two rounds of talks have been held with a foreign company. These meetings are being held to cut the debt complexity of different organizations. When everything is final, everyone will be informed in the form of notification.