Linde Bangladesh has announced that its major shareholder -- Linde AG of Germany -- has merged its business with Praxair, Inc. USA.
The merger between the two companies was completed under clearance by the competent regulatory authorities with effect from October 31, 2018, said an official discourse on Thursday.
Earlier, the Linde Bangladesh said the business combination of Linde and Praxair is expected to create significant synergies.
At this stage, Linde Bangladesh emphasised that there is currently no planned change in its course of business in Bangladesh in pursuance of the merger, it said.
Linde Bangladesh, which was listed on the Dhaka Stock Exchange in 1976, has recommended 375 per cent cash dividend for the year ended on December 31, 2018.
The multinational company disbursed 340 per cent cash dividend for the year ended on December 31, 2017.
Each share of the company closed at Tk 1243 on Thursday at Dhaka Stock Exchange.
In the last one year, its shares traded between Tk 1,070 and Tk 1,384.
The company's earnings per share (EPS) stood at Tk 65.96, net asset value (NAV) per share at Tk 293.90 and net operating cash flow per share (NOCFPS) at Tk 76.87 for the year ended on December 31, 2018 as against Tk 62.60, Tk 241.54 and Tk 76.13 respectively for the same period of the previous year.
The company's paid-up capital is Tk 152.18 million, authorised capital is Tk 200 million and the total number of securities is 15.21 million.
The sponsor-directors own 60 per cent stake in the company, while institutional investors own 29.60 per cent, and the general public 10.40 per cent as of January 31, 2109.
Linde Bangladesh is a member of the Linde Group that has been present in Bangladesh for over 50 years with continuous expansion in operations and business.
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