DSE/CSE News in Brief (19-03-2018)


FE Team | Published: March 18, 2018 22:06:14


DSE/CSE News in Brief (19-03-2018)

DSE NEWS
New chairman of
LafargeHolcim
Christof Hassig has been appointed as the chairman of the company with effect from March 15, 2018.
Reschedule of board meeting
Mercantile Bank Ltd.: The meeting of the Board of Directors of the Company will now be held on March 24, 2018 at 11:00 AM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2017.
Credit rating
United Insurance Ltd.: Credit Rating Information and Services Limited (CRISL) has announced the CPA (Claim Paying Ability) Rating of the Company as "AA+" along with a stable outlook in consideration of audited financials of the Company up to December 31, 2016, unaudited financial up to September 30, 2017 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Summit Alliance Port Limited: Credit Rating Agency of Bangladesh Limited (CRAB) has announced the entity rating (surveillance) of the company as "A1" along with a stable outlook based on audited financial statements as of 30 June 2017, bank liability position up to December 31, 2017 as on and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Resumption of trading
United Finance Limited: Trading of the shares of the company will resume today (Monday) after record date.

Spot trading
GlaxoSmithKline(GSK) Bangladesh Ltd.: Trading of the shares of the company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from today (Monday) to tomorrow (Tuesday). Trading of the shares of the company will remain suspended on record date, March 21, 2018.
Sale confirmation
Miracle Industries Ltd.: Mr. Samsur Rahman, one of the Directors of the Company, has further reported that he has completed his sale of 9,40,600 (4,00,000+5,40,600) shares of the Company at prevailing market price through Stock Exchange as announced earlier.
— DSE Online

CSE NEWS
Credit rating
Quasem Industries Limited: Credit Rating Agency of Bangladesh Limited (CRAB) has informed that the entity rating of the company as "A1" along with a stable outlook based on audited financial statements up to 30 June 2017, bank liability position as on 01 November 2017 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Islamic Finance and Investment Company Ltd.: Mr. Liaquat Hossain Moghul, one of the sponsors of the company has reported his intention to buy 2,55,000 shares of the company at prevailing market price through stock exchange within next 30 working days.
— DSE/CSE online
CSE
Malek Spinning Mills Limited: Dr. Shamim Matin Chowdhury, one of the directors of the company has reported her intention to buy 10,00,000 shares of the company at prevailing market price through stock exchange within next 30 working days.

BSEC's directive
Bangladesh Securities and Exchange Commission vides its Directive No. SEC/SRMIC/2011/1240/634 dated 11 March 2018, hereby directs the Dhaka Stock Exchange Limited, Chittagong Stock Exchange Limited and Central Depository Bangladesh Limited to ensure proper compliance of the Condition No. "a)" of the Commission's Notification no SEC/CMRRCD/2009-193/119/Admin/34, dated 22 November 2011 in respect of maintaining all time joint-holding of minimum 30% shares of the paid-up capital of the company listed with any stock exchange by its all sponsors/promoters and directors. This Directive shall have immediate effect.

DSE

Intention to sell shares
Keya Cosmetics Ltd.: Mr. Abdul Khaleque Pathan, one of the sponsor directors of the company, has expressed his intention to sell 2,43,00,000 shares (Bonus shares) out of his total holding of 33,64,89,510 shares of the company at prevailing market price (In the Public Market) through Stock Exchanges (DSE/CSE) within next 30 working days.

Share if you like