News Briefs--(25-6-2018)

Prime Finance gets new chairman

Mohammad Masudur Rahim has recently been elected unanimously as the chairman of the board of directors of Prime Finance & Investment Limited. He is the nominated director from East Coast Shipping Lines Limited. Mr. Rahim is a highly experienced professional with successful track record and held different positions with different capacities in his long 18 years of career in the East Coast Group of Companies. Currently, he is furnishing his responsibilities as the chief executive officer. Mr. Rahim is also the director of Radiant Alliance Limited and Bangladesh Trade Syndicate Limited (TNT Global Express). Mr. Rahim has obtained his Masters in Economics from the University of Dhaka afterwards he has completed MBA majoring in Finance & Marketing as well. He has attended courses of Cost and Management Accounting at ICMAB, Dhaka.

— Statement

Land purchase

MJL Bangladesh Limited: The board of directors of the company has approved the purchase of a piece of land measuring 1.47 acres by the company located at South Patenga, Chattogram (adjacent to the North side of the existing Kathgor warehouse) at a total consideration value of Tk. 17.00 crore (Seventeen Crore) only for its future expansion.

— CSE Online

Query response

Atlas Bangladesh Ltd.: In response to a DSE query dated June 21, 2018, the company has informed that there was no undisclosed price sensitive information (PSI) for recent unusual price hike of shares.

Monno Ceramic Industries Ltd.: In response to a DSE query dated June 21, 2018, the company has informed that there was no undisclosed PSI for recent unusual price hike of shares.

— DSE Online

Buy confirmation of shares

Mutual Trust Bank Ltd.: Mr. Md. Abdul Malek, one of the sponsors directors of the company, has further reported that he has completed his buying of 1,00,000 shares of the company at prevailing market price (in the public market) through stock exchange (DSE) as announced earlier.

— DSE Online