SEC allows two banks to change face value
May 19, 2010 00:00:00
The Securities and Exchange Commission (SEC) has allowed Social Islami Bank and Exim Bank to change the face value of their shares from Tk.100 to Tk.10. The market lot of Social Islami Bank and Exim Bank will be set from 50 to 250 shares and 50 to 100 shares respectively. The SEC also said in a statement that change of face value or market lot of shares by any listed company does not necessarily bring any change in the fundamentals of that company.
— FE Report
