Shinepukur Ceramics to offload shares under direct listing
Monday, 6 October 2008
FE Report
The share price of Beximco Ltd marked a sharp rise in the recent period propelled by a news that a portion of shares of Shinepukur Ceramics Ltd will be offloaded by the former company.
Shinepukur Ceramics is an 'associate company' of Shinepukur Holdings Ltd.
The per share of Beximco Ltd, the top turnover leader in recent tradings surged to Tk 234.20 Sunday on Dhaka Stock Exchange (DSE) which was only Tk 131.8 a month earlier.
A DSE news on the day disclosed that 3,50,11,800 Ordinary shares of Tk. 10 each (Face value Tk. 35,01,18,000) of Shinepukur Ceramics Ltd will be offloaded through direct listing under the Dhaka and Chittagong Stock Exchange (Direct Listing) Regulations, 2006.
"The Beximco has expressed its desire as per Board Resolutions of the company in this regard," the DSE announcement said.
Shinepukur Ceramics produces porcelain tablewares and bone china table wares since 1999.
The total paid up capital of Shinepukur Ceramics as on December 31,2004 was Tk 660 million with 66.06 million ordinary shares of Tk Ten each.
According to the annual report, 2004 of Shinepukur Holdings, Shinepukur Ceramics has pioneered the production of bone china tableware in technical collaboration with NIKKO company of Japan.
On the other hand, Beximco Ltd got listed on DSE in 1989.
The A-category company has now 41,634,942 shares.
The company held its last annual general meeting on August 26 which approved 15 per cent stock dividend.
Beximco Ltd earned Tk 55.40 million as net profit for the year ended December 31,2007.
The share price of Beximco Ltd marked a sharp rise in the recent period propelled by a news that a portion of shares of Shinepukur Ceramics Ltd will be offloaded by the former company.
Shinepukur Ceramics is an 'associate company' of Shinepukur Holdings Ltd.
The per share of Beximco Ltd, the top turnover leader in recent tradings surged to Tk 234.20 Sunday on Dhaka Stock Exchange (DSE) which was only Tk 131.8 a month earlier.
A DSE news on the day disclosed that 3,50,11,800 Ordinary shares of Tk. 10 each (Face value Tk. 35,01,18,000) of Shinepukur Ceramics Ltd will be offloaded through direct listing under the Dhaka and Chittagong Stock Exchange (Direct Listing) Regulations, 2006.
"The Beximco has expressed its desire as per Board Resolutions of the company in this regard," the DSE announcement said.
Shinepukur Ceramics produces porcelain tablewares and bone china table wares since 1999.
The total paid up capital of Shinepukur Ceramics as on December 31,2004 was Tk 660 million with 66.06 million ordinary shares of Tk Ten each.
According to the annual report, 2004 of Shinepukur Holdings, Shinepukur Ceramics has pioneered the production of bone china tableware in technical collaboration with NIKKO company of Japan.
On the other hand, Beximco Ltd got listed on DSE in 1989.
The A-category company has now 41,634,942 shares.
The company held its last annual general meeting on August 26 which approved 15 per cent stock dividend.
Beximco Ltd earned Tk 55.40 million as net profit for the year ended December 31,2007.