VFS thread going to expand business

The board of directors of VFS Thread Dyeing Limited, a listed textile company, has taken initiative to expand its business. IPDC Finance, another listed company, is cooperating with the company for this. This information has been known from the company sources.

It is learned that the company has taken a term loan of Tk 5 crore from IPDC to expand the business. The money will be used to develop the company’s lab, set construction and fire safety.

M Azhar Rahman, managing director of the company, told SunBD that the board of directors has taken initiative to expand the company’s business. For this we have taken a term loan of Rs 5 crore from an institution

Sunbd/NJ