GHAIL gets BSEC approval to raise paid up capital
Bangladesh Securities and Exchange Commission (BSEC) has accorded approval to Golden Harvest Agro Industries Limited (GHAIL) for raising paid up capital.
This paid up capital will be raised through issuance of 89,932,342 ordinary shares of Tk 10.00 each at an issue price of Tk 10.00 per share totaling Tk 899,323,420.00 at a ratio of 3R:4 -- three Rights Share for four existing shares.
The purposes of Right issue are to raise further paid up capital for expansion of existing production and distribution channels and pay off bank loan of the company.
The company's record date and subscription period will be notified in due course.
Cos to hold board meeting
ACME Lab: The ACME Laboratories Limited (ACME Lab) has called for board meeting at the company's head office in the city at 3:30pm on October 9.
The company's board members will consider, among others, its audited financial statements for the year that concluded on June 30, 2019 in the meeting.
BD Lamps: Bangladesh Lamps Limited (BD Lamps) has called for its board meeting at the company's head office in the city at 3:00pm on October 10.
The company's board will consider, among others, its audited financial statements for the year that ended on June 30, 2019 in the meeting.
MBL sponsors to sell shares
Dr Toufique Rahman Chowdhury and Md Mizanur Rahman Chowdhury, sponsors of Mercantile Bank Limited (MBL), will sell 1,00,000 shares and 6,28,000 shares respectively out of their total holding of 21,25,000 shares and 72,78,522 shares respectively of the bank at prevailing market price (In the Public Market) through stock exchange (DSE) within October 31.
Cos credit rating results
BSRM Steel: Credit Rating Information and Services Limited (CRISL) has rated BSRM Steels Limited (BSRM Steel) as 'AA+' in the long term and 'ST-2' in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2019 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Bangas: Emerging Credit Rating Limited (ECRL) has assigned rating to Bangas Limited (Bangas) as 'BBB+' in the long term and 'ST-3' in the short term along with a stable outlook based on its audited financial statements up to June 30, 2018 and unaudited financial statements up to March 31, 2019 and other relevant quantitative as well as qualitative information up to the date of rating. -SOURCE: DSE/CSE