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Nearly 80 per cent of Evergreen’s manufacturing capacity is located in a remote region of Bangladesh where labour is plentiful. “A lot of developers and banks are queueing up to participate.”Shahwar Jamal Nizam, a partner at DFDL Bangladesh, a Bangladesh-based law firm affiliated with DFDL, has observed similar ripples from his work helping Evergreen Products Group — a maker of wigs and hair pieces — to list on the Hong Kong stock exchange. “There was a lack of familiarity and a reluctance to sign this type of document but we got there in the end.” These agreements, he adds, are viewed as a template for other potential projects in Bangladesh, which is drawing renewed attention from power developers because of its rising energy needs.“Bangladesh was fairly inactive as a market and suddenly now, with this project showing the way, it is one of the hottest locations and jurisdictions in Asia,” Mr McCormack says. International Bangla Newspaper from USA, Uk, Canada, Germany, UAE, India.Ian Laing, head of Asia at Pinsent Masons“It was the first international-style, best practices-type project that had been done in Bangladesh memory,” Mr McCormack says. All the latest Bangladesh newspapers 24/7 live updated bd news headlines online, Most visited Bangladeshi online Newspapers or Potrika website and agency list.
“We can already see the results from this initial public offering,” Mr Nizam says.
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