DSE/CSE News in Brief (03-10-2019)

DSE NEWS
Board meetings
Far East Knitting & Dyeing Industries Limited: As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the company has informed that a meeting of the board of directors will be held on October 10, 2019 at 3:30 pm to consider, among others, audited financial statements of the company for the year ended on June 30, 2019.
Central Insurance Company Ltd.: As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the company has informed that a meeting of the board of directors will be held on October 12, 2019 at 1:30 pm to consider, among others, un-audited financial statements of the company for the third quarter period ended on September 30, 2019.
Credit rating
Bangladesh National Insurance Company Limited: Emerging Credit Rating Limited (ECRL) has assigned the surveillance rating of the company as "AA-" in the long term and "ST-2" in the short term along with a stable outlook based on audited financial statements of the company up to December 31, 2018 and other relevant quantitative as well as qualitative information up to the date of rating.
CSE NEWS
Board meetings
Bangladesh Lamps Limited: A board meeting of the company will be held on October 10, 2019 at 3:00 pm to consider, among others, audited financial statements of the company for the year ended on June 30, 2019.
The ACME Laboratories Ltd.: A board meeting of the company will be held on October 09, 2019 at 3:30 pm to consider, among others, audited financial statements of the company for the year ended on June 30, 2019.
Credit rating
BEXIMCO Pharmaceuticals Ltd.: Credit Rating Information and Services Ltd. (CRISL) has informed that the rating committee of CRISL has assigned the rating to the company as "AA+" in the long term and "ST-1" in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2018, unaudited financials up to March 31, 2019 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Sale intention
Mercantile Bank Limited: Dr. Toufique Rahman Chowdhury and Md. Mizanur Rahman Chowdhury, both are sponsors of Mercantile Bank Limited, has reported their intention to sell 1,00,000 and 6,28,000 shares out of their total holding of 21,25,000 and 72,78,522 shares respectively of the company at prevailing market price (in the public market) through DSE within October 31, 2019.
— DSE/CSE Online

Buy confirmation
Reliance Insurance Ltd.: Kumudini Welfare Trust of Bengal (BD) Ltd. one of the corporate sponsor directors of the company, has reported that it has completed its buy of 6,13,050 shares of the company at prevailing market price through stock exchange as per declaration disseminated on 29.09.2019.
— CSE Online