Peninsula Ctg, Golden Harvest shares soar on expansion news Star Business Report Star Business Report
Shares of Peninsula Chittagong and Golden Harvest rose yesterday, riding on good news from both companies.
The hotel s stock grew 5 per cent to Tk 22.60 after the company announced that its board accepted a 30-year lease agreement with the Chittagong Port Authority for an additional 0.3 acres of land.
The land is adjacent to the Chittagong Airport and Peninsula s second five-star hotel project, the company said in a security filing on the website of the Dhaka Stock Exchange (DSE). Our second hotel in Chattogram is under construction, and we need the extra land for its beautification, said Mohammed Nurul Azim, company secretary of Peninsula.
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