News Briefs-(29-8-2018)

ACRSL rates Standard Ins 'A'

ARGUS Credit Rating Services Ltd (ACRSL) has announced the CPA (Claim Paying Ability) rating of Standard Insurance Limited as "A" for long term and "ST-2" for short term in consideration of financials of the company up to December 31, 2017 (audited), Q2FY18 (unaudited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.

— CSE Online

AlphaRating rates Karnaphuli Ins 'AA'

Alpha Credit Rating Limited (AlphaRating) has rated Karnaphuli Insurance Company Limited as "AA" in the long term and "ST-2" in the short term along with a stable outlook based on audited financial statements of the company as on December 31, 2017 and relevant qualitative information till August 26, 2018. — DSE Online

Kay & Que EGM for amalgamation

Kay & Que (Bangladesh) Ltd has informed that the company will hold a creditors' meeting and an extra-ordinary general meeting (EGM) on October 17, 2018 at 10:30 am and 11:30 am respectively at Sundarban Hotel in the capital for amalgamation approval of Multi Sourcing Limited (the transferor company) with Kay & Que (Bangladesh) Limited (the transferee company). The record date for EGM is on September 19, 2018. — CSE Online