News Briefs-(13-11-2018)

EBL wins ICSB gold award for the third time

Eastern Bank Limited (EBL) has won the Gold Award at the ICSB National Award 2017 for Corporate Governance Excellence in Banking Company category. Since inception of the award in 2013, EBL is the most awarded financial institution in the category. Md. Showkat Ali Chowdhury, Chairman of EBL received the accolade from Finance Minister Abul Maal Abdul Muhith at the award dinner held at Radisson Blu recently. Mir Nasir Hossain, Director of the Bank was also present during handing over of the crest and the certificate. "To achieve long term institutional viability and soundness, there is no alternative to adopt international best practices in corporate governance", said EBL Chairman In his instant reaction after receiving the award." "Effective corporate governance in accordance with high international standards is of paramount importance to Eastern Bank. Our system of corporate governance provides the basis for the responsible management, transparency of processes and compliance to regulatory bodies with a focus on sustainable value creation." "EBL gives utmost importance to key parameters of corporate governance such as management system and its independence, true and fair financial reporting, disclosure and compliance, and consistency of shareholders value enhancement", he added. EBL won the ICSB Gold Award for the third time in last five years. EBL is the recipient of the award for two consecutive years 2013 and 2014. — Statement

New date of board meeting

United Power Generation & Distribution Company Ltd.: A meeting of the board of directors will be held on November 15, 2018 at 3:30 pm to consider, among others, un-audited financial statements of the company for the first quarter (Q1) period ended on September 30, 2018.

Sale confirmation

Bangladesh Autocars Ltd.: Mrs. Rehmat Banu, one of the sponsors directors of the company, has further reported that she has completed her sale of 30,000 shares of the company at prevailing market price through stock exchange as per declaration disseminated on 24.10.2018.

Board approval to sell floor space

ACI: ACI Limited has informed that the Board of Directors has approved the proposal of sale of 7,461.61 sft. Floor Space at 6th Floor of "Police Plaza Concord", Gulshan, Dhaka with a total consideration of Tk. 15.00 crore at the rate of Tk. 20,103.00 per sft.

— DSE Online