Peninsula Ctg trading begins Sunday

Trading of the shares of Peninsula Chittagong Ltd will commence on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) from Sunday (June 15) under 'N' category, officials said.
DSE trading code for the Peninsula Chittagong Ltd is 'PENINSULA' and DSE company code is 29003 while the CSE scrip Id is 18009 and CSE scrip code is 'PENINSULA'. A market lost is 200 shares.
The initial public offering (IPO) subscription of the company took place between March 30 to April 12 of this year for investors.
Under the fixed price method, the Peninsula Chittagong, a hotel situated in Chittagong, floated 55 million ordinary shares at an offer price of Tk 30, including a premium of Tk 20 for each Tk 10 share and raised a fund worth Tk 1.65 billion.
As per the company's prospectus, the fund will be utilised for the company's expansion and along with setting up two new hotels near Chittagong Airport.
In accordance with the financial statement for the year ended on June 30, 2013, the company's earnings per share (EPS) and net asset value (NAV) are Tk 2.49 and Tk 32.73 respectively.
The securities regulator - Bangladesh Securities & Exchange Commission (BSEC) approved the IPO proposal of the Peninsula Chittagong on February 4, 2014.