Two listed SoEs offload 49 per cent shares
Monday, 15 December 2008
FE Report
Two listed state-owned enterprises (SOEs) have recently offloaded 49 per cent shares in the stock market as announced earlier.
With the latest offloading, the total share capital of the Zeal Bangla Sugar Mills Limited stood at 80.33 per cent and Shaympur Sugar Mills Limited at 57.06 per cent for public, according to a DSE website news posted on Sunday.
Both the companies are included in the worst performing Z-category issues.
Before offloading 49 per cent shares of the Zeal Bangla, the government had owned 64.04 per cent, public 31.33 per cent and the institution 4.63 per cent.
Similarly, before offloading 49 per cent shares of the Shyampur Sugar, the government had owned 90.61 per cent, public 8.06 per cent and institution 1.33 per cent.
Earlier, the Privatisation Commission in a letter requested the Investment Corporation of Bangladesh (ICB) to sell 49 per cent shares of the two SOEs in the secondary market.
As of December 14, a total of 324300 out of 751050 shares of Zeal Bangla were sold while a total of 367100 shares out of 1757000 shares have been sold for offloading of 49 per cent Government shares of Shyampur Sugar.
Listed in 1988, the face value of Zeal Bangla is Tk 10 each and as of Sunday, the prices of the company's shares were traded at Tk 18 a share.
Listed in 1996, the face value of the Shyampur Sugar is Tk 10 per share and as of Sunday the prices of the company's shares were traded at Tk 13.10 a share.
On the other hand, as reported by the issue manager of the Shinepukur Ceramics Limited, a total of 16541100 shares were sold out of 35011800 shares as of Sunday, according to the DSE website.
On November 18 last, the shares of the company made debut on the stock market under the direct listing regulations.
Two listed state-owned enterprises (SOEs) have recently offloaded 49 per cent shares in the stock market as announced earlier.
With the latest offloading, the total share capital of the Zeal Bangla Sugar Mills Limited stood at 80.33 per cent and Shaympur Sugar Mills Limited at 57.06 per cent for public, according to a DSE website news posted on Sunday.
Both the companies are included in the worst performing Z-category issues.
Before offloading 49 per cent shares of the Zeal Bangla, the government had owned 64.04 per cent, public 31.33 per cent and the institution 4.63 per cent.
Similarly, before offloading 49 per cent shares of the Shyampur Sugar, the government had owned 90.61 per cent, public 8.06 per cent and institution 1.33 per cent.
Earlier, the Privatisation Commission in a letter requested the Investment Corporation of Bangladesh (ICB) to sell 49 per cent shares of the two SOEs in the secondary market.
As of December 14, a total of 324300 out of 751050 shares of Zeal Bangla were sold while a total of 367100 shares out of 1757000 shares have been sold for offloading of 49 per cent Government shares of Shyampur Sugar.
Listed in 1988, the face value of Zeal Bangla is Tk 10 each and as of Sunday, the prices of the company's shares were traded at Tk 18 a share.
Listed in 1996, the face value of the Shyampur Sugar is Tk 10 per share and as of Sunday the prices of the company's shares were traded at Tk 13.10 a share.
On the other hand, as reported by the issue manager of the Shinepukur Ceramics Limited, a total of 16541100 shares were sold out of 35011800 shares as of Sunday, according to the DSE website.
On November 18 last, the shares of the company made debut on the stock market under the direct listing regulations.