News Briefs (2022-05-25)

Disbursement of dividend
IPDC Finance Limited: The company has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.
Uttara Bank: The company has informed that it has credited the bonus shares for the year ended December 31, 2021 to the respective shareholders' BO accounts and it has also disbursed the cash dividend to the respective shareholders.
Reschedule of board meeting
Fu Wang Food: The company has further informed that a meeting of the board of directors of the company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on May 30, 2022 at 3:00 pm to consider, among others, un-audited financial statements of the company for the third quarter period ended March 31, 2022.
Suspension of trading
Trading of the shares of Kay & Que (Bangladesh) Ltd, Bangladesh National Insurance Company Limited, Phoenix Insurance Company Ltd, Pioneer Insurance Company Ltd and Peoples Insurance Company Limited will remain suspended on its record date, today (Wednesday) for entitlement of interim dividend. Trading of the shares of the companies will resume on May 26, 2022.
Spot trading
Trading of the shares of South Bangla Agriculture & Commerce Bank Limited, Union Capital Limited, Federal Insurance Company Ltd and Padma Islami Life Insurance Ltd will be allowed only in the spot market from today (Wednesday) to May 26, 2022 as the record date of the company is on May 29, 2022.
Query response
S. Alam Cold Rolled Steels: In response to a DSE query dated May 24, 2022, S. Alam Cold Rolled Steels Ltd has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
Credit rating
BEXIMCO: Emerging Credit Rating Limited (ECRL) has assigned rating of the company as "BB+" in the long term and "ST-4" in the short term along with a Stable outlook based on audited financial statements of the company FY2021, unaudited financial statement of 6 months (July-Dec 2021) and other qualitative information up to the date of rating.
— DSE/CSE Online