Market Status: Closed Wed 10 Feb 16, 4:20 AM (BST)
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CSE NEWSToday's Trade: Today's (9 February 2016) Total Trades: 11,955; Volume: 8,817,423 and Turnover: Tk. 237.03 million.
Board MeetingENVOYTEX: Envoy Textiles Limited has informed that the Board Meeting will be held on 13 February 2016 at 11:00 AM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on December 31, 2015.
Transfer IntentionSAIHAMTEX: Mr. Syed Shafqat Ahmed, one of the Sponsors of Saiham Textile Mills Ltd., has reported his intention to transfer 10,30,860 shares out of his holding of 81,67,530 shares of the Company to his wife Mrs. Natasha Rafia Ahmed by way of gift outside the trading system of the Exchange within next 30 working days from the date of issuance of approval letter by DSE.
Continue3-Important NewsCITYBANK(cont3):iii. Conversion Price: The conversion strike price is Tk. 28.30 per share, iv. Shareholders' Rights: in line with equity investment. In this regard, the Board of Directors of the Bank has also decided to amend relevant provisions of the Memorandum and Articles of associations subject to approval of the relevant regulatory authorities and shareholders. EGM will be held on 24 March 2016. Record Date for EGM is on 2 March 2016 .(end)
Continue2-Important NewsCITYBANK(cont2):There would be a onetime front end fee of at least 1% on the principal amount of the loan and a commitment fee of 0.50% per annum on the undisbursed principal amount of the loan. The conversion features would be as follows: i. Conversion Option: IFC may convert all or portion of the outstanding principal balance of the Loan into common shares of the borrower at any time during the conversion period following the delivery of a conversion notice by IFC to the bank. ii. Conversion Period: it means the period commencing on the date that is 1 year from the date of the Loan Agreement and terminating upon the full repayment of the Loan in accordance with the terms of the Loan Agreement.(cont)
Continue1-Important NewsCITYBANK(cont1):The total value of shares to be subscribed by IFC would be Tk. 1,317,654,537.00; subject to obtaining approval of Bangladesh Bank, BSEC and other relevant Regulatory Authorities and as well as the shareholders to comply with the required regulatory requirements. The board has also approved Convertible Loan facilities from IFC into common equity of the company after getting approval from the respective regulatory authorities. The amount of loan would be USD 20,000,000.00 with interest rate of 2.75% over six months LIBOR (the final loan spread will depend on IFC's assessment of the investment risk and other factors) with maturities fees upto 3 years with a bullet payment at the end.(cont)
Important NewsCITYBANK: The City Bank Limited has informed that the Board of Directors of the Bank has approved entering into Shareholders Agreement and Subscription Agreement among The City Bank Ltd. and International Finance Corporation's (IFC). Based on the agreements, IFC will invest in the City Bank's Equity Shares to hold 5.0% of outstanding no. of bank's common equity. The investment proposition of International Finance Corporation (IFC) will be accommodated through issuance of fresh equity with 46,560,231 shares with an issue price of each share of Tk. 28.30 (Tk. 18.30 premium with a face value of Tk . 10.00 each). (cont)
Scrip StatusKPPL(Repeat): Please note that Khulna Printing & Packaging Ltd. has been placed in ''Z'' category from existing ''A'' category with effect from today 9 February 2016 as the Company has failed to sending of dividend disbursement Compliance Report within the stipulated time for the year ended on 30 June 2015 as per securities laws. As per SEC Directive No. SEC/CMRRCD/2001-43/169 dated October 01, 2009; the stock brokers & merchant bankers are requested not to provide loan facilities to their clients against trading of the shares of KPPL from today 9 February 2016.
CSE NEWSSPOT TRADE: Please find SPOT Trade is continuing today on the trading of the shares of HRTEX & SHURWID.
CSE NEWSMessage: All investors are requested to make their investment decision on the basis of financial strength of the companies not on the basis of rumor.
Investor AwarenessBSEC'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).
Continue- Important newsBSEC(Repeat)(continue):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)
Important newsBSEC (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)
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