News Briefs 25-12-2021

Board meeting

Meghna Petroleum Ltd: A board meeting of the company will be held on December 29, 2021 at 5:45 PM to consider, among others, un-audited financial statements of the company for the first quarter period ended on September 30, 2021.

Credit rating

Asia Ins: Alpha Credit Rating Limited (Alpha Rating) has rated Asia Insurance Limited as "AA+" in the long term and "ST-1" in the short term along with a stable outlook based on audited financial statements of the company as on December 31, 2020 and relevant qualitative information till December 21, 2021.

Khulna Power Company: Credit Rating Information and Services Limited (CRISL) has rated Khulna Power Company Ltd as "A" in the long term and "ST-3" in the short term along with a stable outlook based on audited financial statements of the company up to June 30, 2021, un-audited financials up to September 30, 2021 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

United Power Generation & Distribution Company Ltd: Emerging Credit Rating Limited (ECRL) has affirmed the surveillance credit rating of the Company as "AAA" in the long term and "ST-1" in the short term along with a stable outlook based on audited financial statements of the Company up to June 30, 2021 and other relevant quantitative and qualitative information up to the date of rating declaration.

Land purchase

Ibn Sina Pharmaceutical Industry Ltd: A board of directors has decided to purchase 143 decimal land at Goalbathan Mouza of Kaliakoir, Gazipur. Total cost of land is BDT 3,11,96,000.00 only excluding registration fee and other expenses.

Sale intention

BBS Cables: Bangladesh Building Systems Ltd, one of the corporate directors of BBS Cables Limited, has reported its intention to sell 25,00,000 shares out of its total holding of 3,09,04,500 shares of the company at prevailing market price (in the block market) through CSE within next 30 working days.

Transfer confirmation

Premier Cement: Mr. Zahur Ahamed, one of the sponsors of Premier Cement Mills Limited, reported that he has completed his transfer of 2,00,000 shares to his son Mr. Mohammed Nizamuddin Ishti (1,00,000 shares) and his son Mr. Mohammed Moinuddin Chisty (1,00,000 shares), both are directors of the company, by way of gift outside the trading system of the exchange as per declaration disseminated on 15.12.2021.

Withdrawal of authorised representative

UNICAP Securities Ltd: The company (TREC NO. CSE 082) has informed that it has withdrawn its authorised representative Ms. Salma Rahman with immediate effect.

— DSE CSE Online