Advanced Chemical Industries (ACI), one of the largest business conglomerates in Bangladesh, has decided to further invest Tk 287 million into its two units, according to an official disclosure on Tuesday.
ACI has decided to further invest Tk 247 million into its subsidiary ACI Foods as additional equity against rights offer for 2,470,000 ordinary shares of Tk 100 each subject to approval from Bangladesh Securities & Exchange Commission (BSEC), said the discourse.
The board has also decided to further invest Tk 40 million into its joint venture company, Tetley ACI (Bangladesh) as additional equity against rights offer for 400,000 ordinary shares of Tk 100 each subject to approval from the securities regulator, the disclosure added.
Meanwhile, the board of directors of ACI Limited on Tuesday recommended final 40 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2017, according to the disclosure.
However, the total dividend will be stood at 125 per cent for the year 2016-2017 including 75 per cent interim cash dividend which was already paid.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 18 at 11:00am at Officers' Club in Dhaka
The record date for entitlement of dividend is on November 13, 2017.
The company has also reported consolidated earnings per share (EPS) of Tk 24.31, consolidated net asset value (NAV) per share of Tk 241.29 and consolidated net operating cash flow per share (NOCFPS) of Tk (66.44) for the year ended on June 30, 2017.
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