News Briefs18-09-2022

Board meeting

Doreen Power Generations and Systems Limited: A meeting of the board of directors will be held on September 25, 2022 at 3:30 PM to consider, among others, audited financial statements of the company for the year ended June 30, 2022.

Spot trading

PBLPBOND: Trading of the units of Pubali Bank Perpetual Bond will be allowed only in the spot market from today (Sunday) to September 19, 2022 as the record date of the bond is on September 20, 2022 for semi-annual coupon rate.

Credit rating

Provati Insurance: ARGUS Credit Rating Services Limited (ACRSL) has announced the CPA rating of Provati Insurance Company Limited as "AAA" for long term and "ST-2" for short term in consideration of financials of the company up to December 31, 2021 (audited), Q2FY22 (unaudited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.

Decision to

purchase

generators

Matin Spinning Mills Ltd: The board of directors has approved the purchase of three low Gas consuming Generators and one Diesel Generator from Daud Machinery Trading DWC -LLC, Unit- 401, Level- 4, Building -A3, Dubai South Business Park, Dubai 712206, UAE for replacement of old 4 (Four) Gas Generators. The total cost of Generators and installation cost is estimated at USD 2,708,000 equivalent to Tk. 257,260,000.

Sale intention

Jamuna Bank: Mr. Abu Khair Mohammed Sakhawat, one of the Sponsors of the Company, has expressed his intention to sell 15,00,000 shares out of his holdings 1,45,56,773 shares of the company at prevailing market price (in the Public Market) through Dhaka Stock Exchange within next 30 working days.

— DSE/CSE Online