News Briefs-(17-10-2018)

NCC Bank to buy floor space, land
NCC Bank has decided to purchase floor spaces and land at an estimated cost of Tk 162.40 million. The company's board of directors took the decision of purchasing the floor spaces along with un-demarcated and undivided land for official use subject to prior approval of the central bank. The land is located at 51 South Avenue (Circle-1) of Gulshan in Dhaka, according to a company disclosure. Floor spaces are 10,734 sft in four floors and the amount of un-demarcated and undivided land is 37.11 chhatak, equivalent to 2.0 katha and 5.11 chhatak. The share price of NCC Bank closed at Tk 14.70 each on Tuesday with a marginal rise of 0.68 per cent or Tk 0.1 on Dhaka Stock Exchange (DSE). The company was listed with the stock exchanges in 2000. — FE Report

ACRSL rates Pacific Denims 'A-'
ARGUS Credit Rating Services Limited (ACRSL) has announced the rating of Pacific Denims Limited as "A-" for long term and "ST-2" for short term with stable outlook in consideration of audited financials up to June 30, 2017, unaudited financials up to the period ending March 31, 2018 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
— DSE Online