DSE NEWS
Disbursement of dividend
City General Insurance Co. Ltd.: The company has informed that it has credited the bonus shares for the year ended on December 31, 2017 to the respective shareholders' BO accounts on June 28, 2018.
Category change
Union Capital Ltd.: Union Capital Ltd. will be placed in "B" category from existing "A" category with effect from July 02, 2018 as the company has approved 5 per cent stock dividend for the year ended on December 31, 2017. As per SEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015; the stockbrokers & merchant bankers are requested not to provide loan facilities to their clients against trading of the shares of UNIONCAP up to 30 trading days from July 02, 2018.
Credit rating
BRAC Bank Limited: Credit Rating Agency of Bangladesh Limited (CRAB) has announced the surveillance rating of BRAC Bank Limited as "AA1" in the long term and "ST-1" in the short term along with stable outlook based on audited financial statements up to December 31, 2017 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Prime Bank Limited: Credit Rating Agency of Bangladesh Limited (CRAB) has announced the rating (surveillance) of Prime Bank Limited as "AA2" in the long term and "ST-2" in the short term along with a stable outlook based on audited financial statements of the company as of December 31, 2017 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Olympic Industries Ltd.: National Credit Ratings Limited (NCR) has announced the surveillance rating of the company as "AA+" in the long term and "ST-1" in the short term along with a stable outlook based on audited financial statements of the company of June 30, 2017.
Southeast Bank Ltd.: Credit Rating Information and Services Limited (CRISL) has rated the company as "AA" in the long term and "ST-2" in the short term along with a stable outlook in consideration of its audited financials up to December 31, 2017, unaudited financials up to March 31, 2018 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Query response
In response to a DSE query, Pharma Aids, Sonali Aansh Industries Limited, Ambee Pharmaceuticals Ltd., Savar Refractories Limited, Queen South Textile Mills Limited and Apex Footwear Limited have informed that there is no undisclosed price sensitive information of the company for recent unusual price hike.
CSE NEWS
Recommendation of Dividend
Popular Life Insurance Company Ltd.: Popular Life Insurance Company Ltd. has recommended 40 per cent cash dividend for the year ended on December 31, 2017. The AGM will be held on August 27, 2018 at 12:00 noon at Fars Hotel & Resorts, 212, Shahid Syed Nazrul Islam Sharani, Purana Paltan, Dhaka-1000. Record Date is on July 24, 2018.
Bonus shares
City General Insurance Company Limited: The company has informed that the bonus shares of the company for the year ended on December 31, 2017 have already been credited through CDBL to the respective shareholders' BO Accounts on June 28, 2018. The sale proceeds of fractional bonus shares will be dispatched through post/courier service to the shareholders in due course at their own risk and responsibilities.
Query response
Fu-Wang Foods Ltd.: In response to a DSE query dated June 27, 2018, Fu-Wang Foods Ltd. has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike of shares.
IT Consultants Limited: In response to a DSE query dated June 26, 2018, IT Consultants Limited has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike of shares.
Sale Intention
MIDAS Financing Ltd.: Ms. Rokia Afzal Rahman, one of the sponsors and directors (nominated director from MIDAS) of MIDAS Financing Ltd., has reported her intention to sell 2,00,000 shares out of her total holding of 11,92,554 shares of the company at prevailing market price through stock exchange within next 30 working days.
— DSE/CSE Online
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