2022-06-23: Cont-CSE-30 Revised List
CSE NEWS: (cont) (20) POWER GRID COMPANY OF BD LTD., (21) PREMIER CEMENT MILLS LIMITED, (22) PRIME BANK LIMITED, (23) PUBALI BANK LIMITED, (24) SQUARE PHARMACEUTICALS LIMITED, (25) SUMMIT POWER LIMITED, (26) THE ACME LABORATORIES LTD., (27) THE CITY BANK LIMITED, (28) THE PREMIER BANK LIMITED, (29) TITAS GAS TRANS.& DIST. CO LTD and (30) UTTARA BANK LIMITED. Please note that the above 30 companies are representing about 23.06% of total Free Float Market Capitalization and 17.53 % of the total Market Capitalization of CSE's Market. (end)
2022-06-23: CSE-30 Revised List
CSE NEWS: The revised list of Companies included in CSE-30 Index (will be effective from June 30, 2022) is as follows: (1) BANGLADESH STEEL RE-ROLLING MILLS LTD., (2) BANK ASIA LIMITED, (3) BARAKA PATENGA POWER LIMITED, (4) BSRM STEELS LIMITED, (5) CONFIDENCE CEMENT LIMITED, (6) DHAKA BANK LIMITED, (7) DOREEN POWER GENERATIONS AND SYSTEMS LIMITED, (8) EASTERN BANK LIMITED, (9) EASTERN HOUSING LIMITED, (10) GREEN DELTA INSURANCE COMPANY LTD., (11) IDLC FINANCE LIMITED, (12) JAMUNA BANK LIMITED, (13) JAMUNA OIL COMPANY LIMITED, (14) LINDE BANGLADESH LIMITED, (15) MATIN SPINNING MILLS LTD., (16) MEGHNA PETROLEUM LIMITED, (17) MJL BANGLADESH LIMITED, (18) OLYMPIC INDUSTRIES LIMITED, (19) PADMA OIL COMPANY LIMITED, (cont)
2022-06-23: Recovery of Insurance Claim of a Subsidiary Company
MALEKSPIN: Malek Spinning Mills Ltd. has also informed that the Board of Directors has approved the decision of Salek Textile Limited (STL), a subsidiary Company of the Company for recovery of Insurance Claim for BDT 21,12,88,104.00 as final settlement against the claim was BDT 30,47,91,187.00 for losses by fire at Fabric Unit. The Company also informed that the above amount will be utilized against repayment of term loan of the Company.
2022-06-23: Approval of Land Purchase of a Subsidiary Company
MALEKSPIN: Malek Spinning Mills Ltd. has informed that the Board of Directors has approved the proposal of J.M. Fabrics Ltd., a subsidiary Company of the Company to purchase land measuring an area of 954.94 decimals situated at Mouza: Dogri and Bahadurpur, Upazila: Gazipur Sadar, District: Gazipur at a total consideration of approximately Tk. 47.70 crore only including registration cost for the future expansion of the business of J.M. Fabrics Ltd. The investment of Tk. 47.70 crore would be met from internal generation of funds by JMFL. The Company also informed that they will not be required to provide any funds in this regard.
2022-06-23: Decision to purchase of land for new plant
MALEKSPIN: Malek Spinning Mills Ltd. has also informed that the Board of Directors of the Company has decided to purchase of 55.00 Bigha i.e. 1,815.00 decimal land at a consideration of approximately Tk.55.00 crore for new plant at Bhaluka, Mymensingh from its Directors/Related parties on fair market price basis, which may exceed l% (one percent) or above of the total tangible assets shown in the statement of financial position as of end of the immediate preceding financial year.
2022-06-23: Decision to Issue Zero Coupon Bond
MALEKSPIN: Malek Spinning Mills Ltd. has informed that the Board of Directors of the Company has decided to issue a Zero Coupon Bond amounting BDT 290.00 crore to finance expansion and to reduce debts related to the expansion of the Company subject to approval of the Bangladesh Securities & Exchange Commission.
2022-06-23: Change of Close Price
WONDERTOYS: Please note that the close price of the shares of WONDERTOYS has been reset at current market price prevailing in other exchange's SME Market. New close price of WONDERTOYS =Tk. 52.40.
2022-06-23: Un-audited Financial Statement
CENTRALINS: (Quarter 1) As per un-audited financial statements of Central Insurance Company Ltd., EPS was Tk. 0.68 for January-March 2022 as against Tk. 0.67 for January-March 2021. NOCFPS was Tk. 0.50 for January-March 2022 as against Tk. 0.92 for January-March 2021. NAV per share (with revaluation) was Tk. 50.06 as on March 31, 2022 and Tk. 49.35 as on December 31, 2021. NAV per share (without revaluation) was Tk. 21.55 as on March 31, 2022 and Tk. 20.84 as on December 31, 2021.
2022-06-23: Spot Trade Continuing Today (23.06.2022)
ABBANK: Refer to their earlier news disseminated by CSE on 24.11.2021 regarding approval of Perpetual Bonds, AB Bank Limited further informed that Bangladesh Securities and Exchange Commission (BSEC) has extended the consent validity and subscription period of public offer portion (BDT 60 crore) of Transferrable, Unsecured, Non-Cumulative, Contingent-Convertible Perpetual Bond of BDT 600 crore of AB Bank Limited up to August 22, 2022.
2022-06-23: Spot Trade Continuing Today (23.06.2022)
SPOT TRADE: Please find SPOT Trade is continuing today on the trading of the units/shares of BERGERPBL & PREBPBOND.
2022-06-23: Cont2-Commencement of Bidding of Navana Pharmaceuticals Limited through BBM
CSENEWS(cont2): The minimum bidding value shall be BDT 20.00 (Twenty) lakh which is in accordance with the aforesaid consent letter. The Central Depository Bangladesh Limited (CDBL) shall send a report to the exchange regarding holding of EIs in listed securities and the exchange shall ensure the compliance in this regard. Participating EIs will be required to pay full bid amount (100%) and bidding fee BDT 5,000.00 (five thousand only) through Mercantile Bank Limited (A/C Name: Dhaka Stock Exchange Limited, A/C No.:135413134079404) in between 10:00 a.m. of July 4, 2022 to 2:00 p.m. of July 7, 2022 (during banking hour). Please visit the following website for bidding related updates: https://www.essbangladesh.com.(end)
2022-06-23: Cont1-Commencement of Bidding of Navana Pharmaceuticals Limited through BBM
CSENEWS(cont1): Each Eligible Investor (EI) who intends to submit application through the Electronic Subscription System (ESS) of the exchange(s) shall maintain a minimum investment of BDT 1,50,00,000 (One Crore fifty lakh only) for approved pension funds, recognized provident funds and approved gratuity funds and other Els of BDT 3,00,00,000 (Three crore only) at market price in matured listed securities as on June 26, 2022 (day-end) as per Rule 2(1)(e) of the Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015; which is in accordance with the BSEC consent letter to Navana Pharmaceuticals Limited Ref: BSEC/CI/IPO-323/2022/853 dated June 19, 2022.(cont2)
2022-06-23: Commencement of Bidding of Navana Pharmaceuticals Limited through BBM
CSENEWS: Commencement of Bidding of Navana Pharmaceuticals Limited through Book Building Method: The bidding period for Eligible Investors to determine the cut-off price of shares of Navana Pharmaceuticals Limited through Electronic Subscription System (ESS) of the Exchanges will commence from 5:00 p.m. on July 4, 2022 and will continue till 5:00 p.m. on July 7, 2022 (round the clock) and valuation report submission period for Eligible Investors through Electronic Subscription System (ESS) of the Exchanges will start at 10:30 a.m. on July 12, 2022 and continue till 10:30 a.m. on July 14, 2022.(cont1)
2022-06-23: Cont-Commencement of ES of Achia Sea Foods Limited through ESS under (QIO)
CSENEWS(cont): The Central Depository Bangladesh Limited (CDBL) shall send a report to the exchange regarding the holding of QIs in the listed securities and the exchange shall ensure the compliance in this regard. Participating QIs will be required to pay full subscription amount (100 %) in between 10:00 a.m. of June 19, 2022 to 2:00 p.m. of June 23, 2022 (during banking hour) in the bank account. Bank information will be notified later. Please visit the following website for subscription related updates: https://www.essbangladesh.com.(end)
2022-06-23: Commencement of ES of Achia Sea Foods Limited through ESS under (QIO)
CSENEWS: The subscription for shares by the qualified investors of Achia Sea Foods Limited through electronic subscription system under the fixed price method of the stock exchanges will be started from 10:00 a.m. of June 19, 2022 and continued till 5:00 p.m. of June 23, 2022. Individual investors shall also be considered as Qualified Investor (QI) who allows to submit application through the Electronic Subscription System (ESS) of the exchange(s) shall maintain a minimum investment of BDT 2,000,000.00 (Twenty Lac only) at market price (the close price of both exchanges, whichever is higher) in matured listed securities as on June 09, 2022 (day-end). (cont)
2022-06-23: Cont2-No Registration is required for QI for trading in the secondary market
CSENEWS(cont2): Confirmation of QI is more preferable to implement at BROKER end through Order Management System (OMS) or back office system as investors' primary information (KYC) is preserved by them. 3. For further checking as to eligibility of QI's order, the trade data may be verified at the time of clearing and settlement through Clearing and Settlement (CNS) software of stock exchanges and stock exchanges will make a report (with warning to DPs) after trade hours based CNS's data and submit it to the Commission. (end)
2022-06-23: Cont1-No Registration is required for QI for trading in the secondary market
CSENEWS(cont1): However, the Qualified Investors for trading in the secondary market do not require registration in ESS further. The Central Depository Bangladesh Limited (CDBL) or Depository Participants (DP) will provide the list of the Qualified Investors on quarterly basis to the Exchanges and accordingly Exchanges will ensure their trading facilities in the secondary platform. 2. At the time of accepting any buy or sell order for shares listed in SME platform, the respective DPs/brokerage houses will ensure the eligibility of Qualified Investors based on their available data in back-office software or OMS. (cont2)
2022-06-23: No Registration is required for QI for trading in the secondary market
CSENEWS: No Registration is required for Qualified Investors (QIs) for trading in the secondary market: For the betterment of Small Capital Platform and to implement the BSEC notification no. BSEC/SRMIC/2021-206/69 dated February 17, 2022 regarding Qualified Investors of Small Capital Platform, BSEC has taken the following decisions: 1. In addition to existing registration process for the Qualified Investors (Qls) for applying the primary shares, the stock exchanges will register automatically through Electronic Subscription System (ESS) of the Exchanges based on data and information provided by CDBL and DP, without fees as per the latest issued Commission's Notification.(cont1)
2022-06-23: Cont-Compliances and Awareness for Alert to COVID-19
CSENEWS: (cont) (7) Arrangement of mask to provide to employees and clients in the brokerage house, (8) Discourage visitors to enter into the office, (9) Arrangement of virtual office for part of employees on rotation basis and (10) Avoid face to face meetings in the office and encourage telephone/video conference among the employees and clients. (end)
2022-06-23: Compliances and Awareness for Alert to COVID-19
CSENEWS: All concerned are hereby requested to comply the following to reduce the spread of COVID-19: (1) Discourage clients for rushing in the brokerage house and encourage more for trading through mobile apps and other internet based devices, (2) No hand shake, (3) No hugging; (4) Maintain reasonable social distance (at least one meter), (4) Identifying employees and clients who is coughing or sneezing or with any suspicious symptoms, (5) Avoid touching eyes, nose, ears and mouth, (6) Arrangement of hand sanitizer every time to enter office premise (employees, clients and visitors), (cont)
2022-06-23: Investor Awareness
BSEC's Message (Repeat): 1) It is not wise to invest in the capital market without having proper information, detail knowledge and experience regarding different aspects and nitty-gritty of the capital market. 2) It is to be kept in mind that the profit or loss whatever you make from investment is belong to you only. Therefore, prudent investment decision based on knowledge and fundamentals can be your real assistance. 3) Don't pay heed to rumors at the time of buying and selling of shares. Buying and selling of shares based on rumor can be harmful. Even spreading of rumor is legally prohibited. (BSEC vide its letter no. SEC/SRMIC/2010/726 dated 23 November 2010).
2022-06-23: Continue- Important news
BSEC (continue) (Repeat): In this situation, in the greater and long term interest of the growing capital market and investors, all related to Stock Exchange and market intermediaries i.e. stock broker/dealer, asset manager, merchant banker, issuer company including their officials are requested to abstain from giving opinion/comment on investment which may create enthusiasm or confusion among the investors. (end)
2022-06-23: Important news
BSEC (Repeat): It is observed that in the context of the present condition of the capital market, many small and new investors are involved which is undoubtedly encouraging. But it is a matter of concern that a portion of these investors without having proper, timely and detail knowledge and reviewing/analyzing the information of the different aspects of the capital market are being attracted in investing on the basis of rumor, hearsay and different comments from different quarters, which may make their hard earned capital risky, as a result, it will not only hamper the confidence of these investors but may also create hindrance of the continuity and firm growth of the capital market. (continue)
2022-06-23: CSE NEWS
Message: All investors are requested to make their investment decision on the basis of financial strength of the companies not on the basis of rumor.
