Fu-Wang Ceramic Industry Limited (DSE:FUWANGCER) agreed to acquire S. S. Steel (pvt.) Limited for BDT 4.2 billion on January 16, 2017. Fu-Wang Ceramic Industry Limited will exchange its 1 share for 1 share of S. S. Steel (pvt.) Limited. Fu-Wang Ceramic Industry Limited will issue approximately 220 million shares.

Transaction is subject to approval of the shareholders of Fu-Wang Ceramic Industry Limited.