DSE/CSE News in Brief (24-09-2020)

FE Team | Published: September 23, 2020 22:26:13

Disbursement of dividend
MIDAS Financing Ltd: The company credited the bonus shares for the year ended on December 31, 2019 to the respective shareholders' BO Accounts on September 13, 2020 and cash dividend to the respective shareholders' bank accounts through EFT.
Popular Life Insurance Company Limited: The company disbursed cash dividend for the year ended on December 31, 2019 to the respective shareholders.
Trust Bank Limited: The company disbursed cash dividend for the year ended on December 31, 2019 along with sale proceeds of fractional stock dividend to the respective shareholders' (local and foreign) bank accounts through BEFTN/Online on September 20, 2020. Cash dividend to sponsor-directors and Institutional Investors will be paid due course as per the respective circular of Bangladesh Bank. Dividend warrant will also be issued for the shareholders whose entitled dividend could not be credited to the bank account due to inadequate/incorrect information.
Query response
Tung Hai Knitting & Dyeing Limited: In response to a DSE query dated September 22, 2020, Tung Hai Knitting & Dyeing Limited has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
Decision to sell duty free
marine fuel
Padma Oil Company Limited: Bangladesh Petroleum Corporation has fixed excise duty free price of Marine fuel for supplies to foreign/local ships plying on water territory of Bangladesh arrived at Chattogram and Mongla Ports according to IMO Regulation. The company will receive sale margin of Tk. 0.55 against per liter sale of Marine fuel.
Meghna Petroleum Ltd: The company informed that as per IMO Regulation, the decision was taken to sell duty-free marine fuel as a bunker to the local and foreign ships sailing in the waters of Bangladesh. The company will receive sale margin of Tk. 0.55 against per liter.
Transfer
information
Continental Insurance Ltd: Mr. S.M. Abu Mohsin, one of the sponsor directors of Continental Insurance Ltd, reported his intention to transfer 1,00,000 shares out of his total holding of 9,77,372 shares to his son Mr. Syed Adeeb Ashfaq Uddin, by way of gift outside the trading system of the exchange within October 31, 2020, approved by DSE.
Mr. Md. Yasin Ali, another sponsor director of Continental Insurance Ltd., has reported his intention to transfer 1,00,000 shares out of his total holding of 9,10,930 shares to his daughter Saira Yasin, by way of gift outside the trading system of the exchange within 30 working days from the date of issuance of approval letter by DSE.
— DSE/CSE Online