News Briefs(12-03-2018)

Sale confirmation

National Feed Mill Limited: Mr. Imtiaz Ali, one of the sponsors of National Feed Mill Limited, has further reported that he has completed sale of his entire holding of 1,86,000 shares of the company at prevailing market price through stock exchange as announced earlier. — DSE Online

Intention to sell shares

Rahim Textile Mills Ltd.: Dr. Shamim Matin Chowdhury, one of the Sponsor Directors of Rahim Textile Mills Ltd., has expressed her intention to sell 1,00,000 shares out of her total holding of 11,49,058 shares of the company at prevailing market price (in the public market) through DSE within next 30 working days. — DSE Online

BSEC imposes fine

Dragon Sweater and Spinning Limited: BSEC has imposed fine of Tk. 0.5 million each to the following sponsors and directors of Dragon Sweater and Spinning Limited namely Mr. Mostafa Quamrus Sobhan (Chairman), Mr. Mostafa Golam Quddus (Managing Director), Mrs. Fazlutun Nessa (Director), Mrs. Fauzia Quamrun Tania (Director), Mrs. Tasnia Quamrun Anika (Director) and Mrs. Shafia Sobhan Chowdhury (Director) for noncompliance of Securities laws in connection with utilization of IPO proceeds.— DSE Online