News Briefs(16-03-2018)

Intraco Refueling subscription begins Sunday

The subscription for shares of Intraco Refueling Station Limited by the eligible investors through electronic subscription system under fixed price method of the stock exchanges will be started from 10:00 a.m. of March 18, 2018 and continued till 5:30 p.m. of March 27, 2018 (round the clock). The required 100 per cent of subscribed amount shall be paid through Mutual Trust Bank Limited, (Account Name: Dhaka Stock Exchange Limited, Account No. 0012032 0001838) in between 10:00 a.m. of March 18, 2018 to 2:00 p.m. of March 27, 2018 (during banking hour). Subscription related updates will be available at http://www.essbangladesh.com. — DSE Online

Oimex Electrode to raise authorised capital

The board of directors of Oimex Electrode Ltd. has decided to issue 3,50,00,000 non-convertible preference shares of Tk. 10/- each totaling to Tk. 35,00,00,000 only to strengthen the Tier-II Capital of the company. The board has also decided to increase authorised capital (ordinary share) from Tk.1.00 billion to Tk. 1.20 billion and authorised capital (preference shares) by Tk. 500.0 million following necessary amendments to relevant clauses/articles of the Memorandum and Articles of Association of the company subject to approval from the respective Regulatory authorities and shareholders in the EGM. The EGM will be held on May 06, 2018 at 09:00 am. The record date for EGM is on April 05, 2018. — CSE Online