News Briefs (2022-08-09)

Disbursement of dividend
Peoples Insurance Co. Ltd: The company infor-med that it has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.
Board meeting
Janata Insurance Co. Ltd: A meeting of the board of directors will be held on August 11, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the company for the second quarter period ended June 30, 2022.
Trustee meeting
RELIANCE1: The trus-tee of Reliance One-The First Scheme of Reliance Insurance Mutual Fund informed that a meeting of the trustee of the fund will be held on August 14, 2022 at 3:15 PM to consider, among others, audited financial statements of the fund for the year ended June 30, 2022.
Query response
Malek Spinning Mills Ltd: In response to a DSE query, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
Suspension of trading
Grameenphone: Trading of the shares of Grameenphone Ltd will remain suspended on its record date, August 10, 2022 for entitlement of interim dividend. Trading of the shares of the company will resume on August 11, 2022.
Category change
Rupali Bank Limited: The company will be placed in 'B' category from existing 'A' category with effect from August 10, 2022 as the company has approved 2 per cent cash dividend for the year ended December 31, 2021.
Credit rating
Generation Next Fashions: WASO Credit Rating Company (BD) Ltd (WCRCL) has announced the Surveillance entity rating of Generation Next Fashions Limited as "A3" in the long term and "ST-3" for short term along with a Stable outlook based on latest audited financial statements of the company for FY2021 and other relevant qualitative and quantitative information up-to the date of the rating issuance.
Karnaphuli Insurance Co. Ltd: Alpha Credit Rating Limited (AlphaRating) has rated the company as "AA+" in the long term and "ST-2" in the short term along with a stable outlook based on audited financial statements of the company as on December 31, 2021 and relevant qualitative information till August 06, 2022.
— DSE/CSE Online