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STATEMENT RELATING TO PURPOSE OF RAISING CAPITAL
OF TS TECH BANGLADESH LIMITED
TS Tech Bangladesh Limited is a company limited by shares located at Adamjee EPZ in Bangladesh. The objectives for which the company is established to enrich people’s life in Globally through TS TECH’s unique corporate activities and to develop the company in unity with the Bangladesh society. Now the company face the issue of handling business expansion or growth. Business expansion is a stage of a company's life that is fraught with both opportunities. So TS Tech Bangladesh Limited is increase the issue of paid up capital to expand the all over business activities. The following purpose the company increased the paid up capital:
Growth causes a variety of changes, all of which present different managerial, legal, and financial challenges;
That new employees will be hired who will be looking to the top management of the company for leadership;
Opening a complementary new business;
Improvement of the quality of products
Improvement of the quality of work place
Growth of another existing business;
Identifying and adapting to business and marketing trends;
Adding new product lines or services to capture a wider market range.
Importing new machinery from foreign company for manufacturing
Importing new machinery from Foreign company for installation of factory equipment.
Other purpose of assistance may include:
Succession planning and business transition;
Merchandise presentation;
Developing/updating business plans;
Accounting and record keeping;
Compliance with local, state and federal regulations;
Inventory control;
Computer and software use;
Personnel management and training;
Financial incentives;
Identifying and capturing new markets and planning for business expansion.
Others, including purpose for raising capital are as follows:
Developing a financial incentive package;
Increase employee incentive and Providing information and resources on succession planning;
__________________________
Jibon Chandra Das
Authorized Representative
TS Tech Bangladesh Limited