Gemini Sea Food recommends 15pc cash dividend

The board of directors of Gemini Sea Food has recommended 15 per cent cash dividend for the year that ended on September 30, 2011. The annual general meeting (AGM) of the company will be held on factory premises of the company at Jabusha, Rupsha, Khulna at 12:45pm on December 27, 2011. The record date is December 7, 2011. The authorities of the company have also reported net profit of Tk 10.42 million, net asset value (NAV) of Tk 0.33 million, EPS of Tk 94.76 and NOCFPS of Tk (178.08) for the year that ended on September 30, 2011. There will be no price limit on the trading of the shares of the company today (Thursday) following its corporate declaration. SEC approves rights offer of Rupali Ins The SEC has approved the rights offer of Rupali Insurance Company Ltd. for 1,97,44,812 ordinary shares of Tk 10 each at an issue price of Tk 20 per share (including a premium of Tk 10 each) totaling Tk 39,48,96,240.00 only at a ratio of 1R: 1 (one rights share for one existing share). The approval has been accorded subject to the condition that the company shall comply with the requirements embodied in the Securities and Exchange Commission (rights issue) Rules, 2006 and other relevant laws and regulatory requirements, and shall also adhere to the conditions imposed by the SEC under Section-2CC of the Securities and Exchange Ordinance, 1969. The authorities of the company have stated that the purpose of the rights issue is to comply with Insurance Act 2010 (Schedul-1) and to expand the activities of the company by enhancing the financial strength. SEC issues show-cause notices to cos, men Al-Haj Textile: The SEC has issued show-cause-cum-hearing notice to Dr MM Amzad Hossain, one of the sponsorsdirectors of Al-Haj Textile, for non-compliance with Notification No. SECSRMID2000-953313Admin-06 dated March 25, 2001 in connection with non-submission of sale confirmation report. - DSE Online