DSE/CSE News in Brief (15-11-2019)

Credit rating

Premier Leasing & Finance Limited: ARGUS Credit Rating Services Limited (ACRSL) has announced the rating of the company as "A+" for long term and "ST-2" for short term in consideration of financials of the company up to December 31, 2018 (audited), 1HFY19 (unaudited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.

Query response

Mercantile Insurance Co. Ltd: Regarding their unusual price hike of shares, the company has conveyed the following message: "We have no undisclosed material decision or information relating to our company's operation or profitability that might have impact on the unusual price hike of shares of our company."

Recommendation of dividend

Jamuna Oil Company Limited: The board of directors has recommended 130 per cent cash dividend for the year ended on June 30, 2019. The AGM will be held on February 01, 2020 at 11:00 AM at Navy Convention Centre, Tiger Pass, Chattogram. The record date is December 22, 2019.

Board meeting

Safko Spinning Mills Ltd.: A board meeting of the company will be held on November 21, 2019 at 4:30 PM to consider, among others, audited financial statements of the company for the year ended on June 30, 2019.

— DSE/CSE Online