Singer Bangladesh to Issue Tk 250 Crore Preference Shares

Singer Bangladesh Limited plans to raise Tk 250 crore through a private placement of 250 million preference shares to reduce its debt load.

According to company sources on Monday (October 26), the initiative remains subject to regulatory approval from the Bangladesh Securities and Exchange Commission (BSEC).

The Company confirmed that Singer Bangladesh Limited, a subsidiary of Beko, the flagship brand of Türkiye’s Koç Holding, reported higher revenue but a wider pre-tax loss in the third quarter of 2026. The company generated revenue of Tk 4.4 billion during the quarter, up 6.54% from Tk 4.1 billion in the same period last year. However, sluggish demand in the consumer electronics market prevented sales from meeting expectations.