News Briefs-(18-2-2019)

JMI to issue 11.10m shares to NIPRO at Tk 164.10 each
JMI Syringes & Medical Devices has decided to sell per share at Tk 164.10 to NIPRO Corporation of Japan, including Tk 154.10 as a premium. The decision was taken at an extra-ordinary general meeting (EGM) held on Saturday in line with the earlier declaration, according to an official disclosure on Sunday. The JMI will issue total 11.10 million ordinary shares total amounting more than Tk 1.82 billion subject to consent of the Bangladesh Securities and Exchange Commission (BSEC) and other relevant regulatory bodies. Earlier on January 03, this year, Japanese company NIPRO showed 'keen' interest to subscribe 11.10 million shares in the JMI Syringes, a listed company. The JMI Syringes' paid-up capital will be raised through issuing the said amount of ordinary shares. JMI Syringes has also resolved that the proceeds of proposed capital raising will be used for project expansion, repayment of bank liabilities, working capital and expenses of capital raising requirement, said the disclosure. — FE Report

Dhaka Bank inks MoU with a2i programme
Dhaka Bank has signed MoU with a2i programme of ICT Division at ICT Tower, Agargaon, to provide online utility bill management services to the citizens of the country recently. Mr. Emranul Huq, Additional Managing Director of Dhaka Bank Limited and Mr. Md. Mustafizur Rahman, PAA, Additional Secretary and Project Director of a2i have signed the documents on behalf of their respective organisations. — Statement