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  Thursday, 24 Jun '21
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Market News

TODAY’S CSE news

2021-06-23: Board Meeting

FINEFOODS: Fine Foods Ltd. has informed that the Board Meeting of the Company will be held on June 29, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2021.

2021-06-23: Today's Trade

CSE NEWS: Today's (23 June 2021) Total Trades: 25,222, Volume: 40,265,468 and Turnover: Tk. 1,363.65 million.

2021-06-23: Record Date tomorrow (24.06.2021)

REPUBLIC: Trading of the shares of Republic Insurance Company Ltd. will remain suspended on its record date i.e., 24.06.2021. Trading of the shares of the Company will resume on 27.06.2021.

2021-06-23: Sale Intention

UCB: Mr. Mohammed Shah Alam, one of the Nominated Directors (nominated from Ardent Asset Management Limited) of United Commercial Bank Limited, has reported his intention to sell his entire holdings of 43,250 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (CSE) within next 30 working days.

2021-06-23: Query Response

PRIMETEX: In response to a DSE query dated June 22, 2021, Prime Textile Spinning Mills Ltd. has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike and increase in volume of shares.

2021-06-23: Spot trade from tomorrow (24.06.2021)

AMBEEPHA: Trading of the shares of Ambee Pharmaceuticals Ltd. will be allowed only in the Spot Market from 24.06.2021 to 27.06.2021 as the record date of the Company is on 28.06.2021.

2021-06-23: Board Meeting

NBL: National Bank Limited has informed that the Board Meeting of the Company will be held on June 30, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.

2021-06-23: Cont-Auditor's Opinion

ASIAINS(cont): where it is started that at least 60% of the issued capital shall have to be subscribed by the sponsor shareholders. 2. As per section 232 & 234 of The Bangladesh Labor Act 2006 (amended in 2018), if the amount of paid-up capital on the last day of the accounting year is not less than BDT 1 crore and/or, the value of its permanent assets on the last day of the accounting year is not less than BDT 2 crore, a company has to establish a Worker's Profit Participation Fund (WPPF). Paid-up capital as on 31.12.2020 is BTD 470,698,580 and carrying amount of permanent assets as on 31 December 2020 is BDT 207,626,926.''(end)

2021-06-23: Auditor's Opinion

ASIAINS: The auditor of Asia Insurance Limited has given the following ''Emphasis of Matters'' in the audit report of the Company for the year ended on 31 December 2020: ''Emphasis of Matters: Without qualifying our opinion, we draw attention to the following matter: 1. As disclosed in note # 3 of the financial statement, where the company has presented its shareholding position, it is observed that 40% of the total issued share capital of the Company is subscribed by sponsor shareholders while the remaining 60% is subscribed by the general public. This is non-compliance of Schedule 1, Section 21 of the Insurance Act 1938 (as amended in 2010),(cont)

2021-06-23: Cash Dividend Disbursement

NHFIL: National Housing Finance & Investment Limited has informed that it has disbursed the cash dividend for the year ended on December 31, 2020 to the respective shareholders' Bank Account through BEFTN.

2021-06-23: Cash Dividend Disbursement

BANKASIA: Bank Asia Ltd. has informed that it has disbursed the cash dividend for the year ended on December 31, 2020 to the respective shareholders.

2021-06-23: Query Response

DSSL: In response to a DSE query dated June 22, 2021, Dragon Sweater & Spinning Ltd. has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike and increase in volume of shares.

2021-06-23: Update of Information

BATASHOE: Bata Shoe Company (Bangladesh) Limited has requested the concerned merchant banks, DP & Stock brokerage houses to provide their margin clients list with name, shareholdings, e-TIN as on the record date. The Company has further requested them to provide the beneficiary name (DP), bank name, bank account number and routing number and allowed withholding tax rate by July 19, 2021 positively by email at share@batabd.com and phone: 9810514 and 01711407674. The Company has also requested to all mutual fund holders to provide supporting documents from the proper regulators. The Company would not accept any information by courier after July 19, 2021.

2021-06-23: Sale Confirmation

SHAHJABANK: Alhaj Tofazzal Hossain, one of the Sponsors of Shahjalal Islami Bank Ltd., has further reported that he has completed his sale of 7,50,000 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 13.06.2021.

2021-06-23: Un-audited HY A/Cs

SAMATALETH: (Quarter 2) As per un-audited half yearly accounts of Samata Leather Complex Ltd., EPS was Tk. 0.02 for October-December 2020 as against Tk. 0.05 for October-December 2019; EPS was Tk. (0.01) for July-December 2020 as against Tk. (0.04) for July-December 2019. NOCFPS was Tk. 0.25 for July-December 2020 as against Tk. 0.28 for July-December 2019. NAV per share was Tk. 14.32 as on December 31, 2020 and Tk. 14.39 as on June 30, 2020.

2021-06-23: Cont-Proposal for BMRE of the existing project and installing a new plant

MALEKSPIN: (Cont) This BMRE will create value addition due to improvement of product quality which will enable the company to sell its products at higher prices and retain better margin. The proposed BMRE may be implemented by funds from internal generations as well as taking loan from Banks & other sources.(end)

2021-06-23: Proposal for BMRE of the existing project and installing a new plant

MALEKSPIN: Malek Spinning Mills Ltd. has informed that the Board of Directors has approved the proposal for BMRE of the existing project and installing a new plant at Bhaluka, Mymenshingh of the company along with land & factory building, civil constructions & others, Machinery and Equipments at an estimated total investment of Tk. 213.19 crores. The existing production capacity of the company is 35,000 Kgs. yarn per day i.e. 12,600,000 Kgs. yarn per annum with 63,624 Spindles. After BMRE, it is expected that Spindles will be 79,464 and 2,000 Rotor Open end and production and sales revenue will increase by 60% & profitability will also increase substantially. (Cont)

2021-06-23: Issuance of Non-Convertible unsecured coupon bearing Subordinated Bond

IPDC: IPDC Finance Limited has informed that the Board of Directors has decided to issue Non-Convertible unsecured coupon bearing Subordinated Bond as Tier II Capital amounting to BDT 1,500.00 million, with 6 years tenure through private placement to meet its ongoing financing requirements and future capital adequacy requirement subject to the approval of Bangladesh Bank, BSEC and other relevant regulatory authorities.

2021-06-23: Cont2- Commencement of ES of South Bangla Ag. & Com. Bank Ltd. for EIs

CSENEWS(cont2): The Central Depository Bangladesh Limited (CDBL) shall send a report to the exchange regarding the holding of EIs in the listed securities and the exchange shall ensure the compliance in this regard. Participating EIs will be required to pay full subscription amount (100%) and subscription fee Tk. 3,000.00 (three thousand only) through Mercantile Bank Limited (A/C Name: Dhaka Stock Exchange Limited, A/C No.: 135413134079404) in between 10:00 a.m. of July 05, 2021 to 2:00 p.m. of July 11, 2021 (during banking hour). Please visit the following website for subscription related updates: https://www.essbangladesh.com. (end)

2021-06-23: Cont1- Commencement of ES of South Bangla Ag. & Com. Bank Ltd. for EIs

CSENEWS(cont1): Each Eligible Investor (EI) who intends to submit application through the Electronic Subscription System (ESS) of the exchange(s) shall maintain a minimum investment of BDT 50,00,000 (fifty lakh only) for approved pension funds, recognized provident funds and approved gratuity funds and other Els of BDT 1,00,00,000 (one crore only) at market price in listed securities as on June 24, 2021 (day-end) as per Rule 2(1)(e) of the Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015; which is in accordance with the BSEC consent letter to South Bangla Agriculture & Commerce Bank Limited (Ref: BSEC/CI/IPO-313/2021/407 dated June 01, 2021). (cont2)

2021-06-23: Commencement of ES of South Bangla Ag. & Com. Bank Ltd. for EIs

CSENEWS: Commencement of electronic subscription of South Bangla Agriculture & Commerce Bank Limited for EIs through electronic subscription system under fixed price method: The subscription for shares of South Bangla Agriculture & Commerce Bank Limited by the eligible investors through electronic subscription system under fixed price method of the stock exchanges will be started from 10:00 a.m. of July 05, 2021 and continued till 5:30 p.m. of July 11, 2021. (cont1)

2021-06-23: Cont2-Subscription of South Bangla Ag. & Com. Bank Ltd. by General Public

CSENEWS(cont2): make the full payment to DSE through Mercantile Bank Limited (A/C Name: Dhaka Stock Exchange Limited, A/C No.: 135413134079404) from July 12, 2021 to July 14, 2021 (during banking hour) from their consolidated customers' Account based on total submitted application. Exchanges shall send the list of BO accounts who have applied in the IPO to the CDBL and CDBL shall verify the list of BO accounts provided by the Exchanges regarding investment of general applicants in listed securities. Please visit the following website for subscription related updates: https://www.essbangladesh.com. (end)

2021-06-23: Cont1-Subscription of South Bangla Ag. & Com. Bank Ltd. by General Public

CSENEWS(cont1): which is in accordance with the BSEC consent letter to South Bangla Agriculture & Commerce Bank Limited (Ref: BSEC/CI/IPO-313/2021/407 dated June 01, 2021). Minimum and maximum amount allowed for subscription for General Public would be BDT 10,000 (or its multiples) and 50,000 respectively. The registered TREC Holders/ merchant bankers have to upload the IPO file of General Public in the Electronic Subscription System (ESS) from 10:00 AM of July 12, 2021 to 5:00 PM of July 14, 2021 and (cont2)

2021-06-23: Subscription of South Bangla Ag. & Com. Bank Ltd. by General Public

CSENEWS: Commencement of subscription of South Bangla Agriculture & Commerce Bank Limited by General Public and upload the IPO file and deposit the full subscription amount of General Public in the ESS by TREC Holders of DSE & CSE and Merchant Bankers: The subscription for shares of South Bangla Agriculture & Commerce Bank Limited will be started from July 05, 2021 and continued till July 11, 2021. Minimum required investment for General Public (RB, NRB and ASI) will be BDT 20,000 (twenty thousand only) as on June 24, 2021 (day-end) in matured listed securities at market price (between the close price of both Exchanges whichever is higher) (cont1)

2021-06-23: Spot Trade Continuing Today (23.06.2021)

SPOT TRADE: Please find SPOT Trade is continuing today on the trading of the shares of REPUBLIC.

2021-06-23: Cont-Compliances and Awareness for Alert to COVID-19

CSENEWS: (cont) (7) Arrangement of mask to provide to employees and clients in the brokerage house, (8) Discourage visitors to enter into the office, (9) Arrangement of virtual office for part of employees on rotation basis and (10) Avoid face to face meetings in the office and encourage telephone/video conference among the employees and clients. (end)

2021-06-23: Compliances and Awareness for Alert to COVID-19

CSENEWS: All concerned are hereby requested to comply the following to reduce the spread of COVID-19: (1) Discourage clients for rushing in the brokerage house and encourage more for trading through mobile apps and other internet based devices, (2) No hand shake, (3) No hugging; (4) Maintain reasonable social distance (at least one meter), (4) Identifying employees and clients who is coughing or sneezing or with any suspicious symptoms, (5) Avoid touching eyes, nose, ears and mouth, (6) Arrangement of hand sanitizer every time to enter office premise (employees, clients and visitors), (cont)

2021-06-23: Investor Awareness

BSEC's Message (Repeat): 1) It is not wise to invest in the capital market without having proper information, detail knowledge and experience regarding different aspects and nitty-gritty of the capital market. 2) It is to be kept in mind that the profit or loss whatever you make from investment is belong to you only. Therefore, prudent investment decision based on knowledge and fundamentals can be your real assistance. 3) Don't pay heed to rumors at the time of buying and selling of shares. Buying and selling of shares based on rumor can be harmful. Even spreading of rumor is legally prohibited. (BSEC vide its letter no. SEC/SRMIC/2010/726 dated 23 November 2010).

2021-06-23: Continue- Important news

BSEC (continue) (Repeat): In this situation, in the greater and long term interest of the growing capital market and investors, all related to Stock Exchange and market intermediaries i.e. stock broker/dealer, asset manager, merchant banker, issuer company including their officials are requested to abstain from giving opinion/comment on investment which may create enthusiasm or confusion among the investors. (end)

2021-06-23: Important news

BSEC (Repeat): It is observed that in the context of the present condition of the capital market, many small and new investors are involved which is undoubtedly encouraging. But it is a matter of concern that a portion of these investors without having proper, timely and detail knowledge and reviewing/analyzing the information of the different aspects of the capital market are being attracted in investing on the basis of rumor, hearsay and different comments from different quarters, which may make their hard earned capital risky, as a result, it will not only hamper the confidence of these investors but may also create hindrance of the continuity and firm growth of the capital market. (continue)

2021-06-23: CSE NEWS

Message: All investors are requested to make their investment decision on the basis of financial strength of the companies not on the basis of rumor.

2021-06-23: Trustee Meeting

DBH1STMF: The Trustee of DBH First Mutual Fund has informed that a meeting of the Trustee Committee will be held on June 29, 2021 at 2:35 PM to consider, among others, audited financial statements of the Fund for the year ended on June 30, 2020.

2021-06-23: Trustee Meeting

GREENDELMF: The Trustee of Green Delta Mutual Fund has informed that a meeting of the Trustee Committee will be held on June 29, 2021 at 2:45 PM to consider, among others, audited financial statements of the Fund for the year ended on June 30, 2020.

CSE News