News Briefs (2022-04-01)

Disbursement of dividend
VFS Thread Dyeing Limited: The company has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.
Board meetings
Pubali Bank Limited: A board meeting of the company will be held on April 7, 2022 at 2:30 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2021.
The City Bank Limited: A board meeting of the company will be held on April 7, 2022 at 3:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2021.
Suspension of trading
Reckitt Benckiser: Trading of the shares of Reckitt Benckiser (Bangladesh) Ltd will remain suspended on its record date, April 03, 2022. Trading of the shares of the company will resume on April 04, 2022.
United Insurance Ltd: Trading of the shares of the company will remain suspended on record date, April 03, 2022.
Credit rating
Aftab Automobiles: Credit Rating Agency of Bangladesh Limited (CRAB) announced the entity rating (surveillance) of Aftab Automobiles Ltd as "A1" along with a stable outlook based on audited financial statements up to June 30, 2021; unaudited six months management prepared financial statements; bank liability position as on December 31, 2021 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
VFS Thread Dyeing: National Credit Ratings Limited (NCR) has announced the surveillance entity rating of VFS Thread Dyeing Limited as "BBB+" in the long term and "ST-3" in the short term along with a developing outlook based on audited financial statements as on June 30, 2021.
Saiham Cotton Mills Limited: Credit Rating Agency of Bangladesh Limited (CRAB) has announced the entity rating (surveillance) of the company as "A1" along with a stable outlook based on audited financial statements up to June 30, 2021; bank liability position up to February 28, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Buy intention
BSRM Steels Limited: H. Akberali & Co. Limited, one of the corporate directors of the company, has expressed its intention to buy 20,00,000 shares of the company at prevailing market price (in the public market) through Dhaka Stock Exchange within April 28, 2022, as per Rule-4 of the BSEC (Substantial Acquisition of Shares and Takeovers), Rules, 2018.
— DSE/CSE Online