A memorandum of understanding has been signed between Synesis IT and AAA Finance and Investment Limited 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).
On behalf of Synesis IT Limited Shohorab Ahmed Chowdhury, Managing Director, Synesis IT Limited and on behalf of AAA Finance Mohammad Obaydur Rahman, FCS, CEO & Managing Director of AAA Finance & Investment Limited has signed the agreement.
From AAA Finance & Investment Limited Md. Khalid Hossain, Deputy General Manager & 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.
Shohorab Ahmed Chowdhury, Synesis IT Limited, said, “With this agreement, we will start our journey towards IPO inclusion to expand our services beyond the borders of the country and abroad. We are delighted to have entered into an agreement with AAA Finance and Investment Limited. This is because AAA Finance has a successful experience of including more than 100 companies in IPOs. Hopefully, with this agreement, we will be launched in the capital market in a short time.”
Mohammad Obaydur Rahman, FCS, CEO & Managing Director of AAA Finance & Investment Limited said, “We are delighted to be associated with Synesis It Limited. We believe that when Synesis IT enters the capital market, the country’s capital market will expand further and more such companies will be interested in entering the capital market.”
