Hami Industries PLC has signed an agreement with Lubricant Asia Limited to lease out 6,752 square feet of space from its factory in Fouzderhat Heavy Industrial Area of Chattogram for two years.

The company will charge a rent of Tk 20 per square foot, effective from March 1 this year, according to a disclosure on the Dhaka Stock Exchange (DSE) yesterday.

Hami Industries, formerly known as Imam Button Industries Ltd, manufactures buttons for exporting apparel units.     

Following the announcement, shares of the company fell 5.38 percent to Tk 93.3 at the close of trading on the DSE.

Hami's product range includes horn, pearl, polystar, chalk, engraved logo, and fancy buttons. The company rebranded as Hami Industries PLC in March 2024.

Founded in 1996, the company is headquartered in Dhaka.