Apex Foods declares 20pc cash dividend
Business Desk
The board of directors of Apex Foods Limited (AFL) has recommended 20 per cent cash dividend for its shareholders for the year that concluded on June 30, 2015.
The company's annual general meeting (AGM) will be held at 11:00am on September 30, 2015 at Trust Milonayaton in Dhaka Cantonment.  Record date of the company is on September 13, 2015.
AFL has also reported net profit after tax of Tk 84.84 million, EPS with fair valuation surplus/(deficit) of Investment of Tk 12.60, EPS without fair valuation surplus/(deficit) of Investment of Tk 14.88, NAV per share of Tk 109.16 and NOCFPS of Tk (6.64) for the same year as against Tk 17.04 million, Tk 9.55, Tk 2.99, Tk 98.56 and Tk 19.66 respectively for the year that ended on June 30, 2014.

Sale/buy intention of shares
MBL: Md Mizanur Rahman Chowdhury, sponsor of Mercantile Bank Limited (MBL), will sell 7,80,000 shares out of his total holding of 85,12,995 shares of the bank at prevailing market price through stock exchange within next 30 working days.
PICL: Pradip Kumar Das, director (Public Director) of Provati Insurance Company Limited (PICL), will buy 1,00,000 shares of the company at prevailing market price through stock exchange within next 30 working days.
RICL: Quazi Moniruzzaman, sponsor/director of Rupali Insurance Company Limited (RICL), will buy 30,000 shares of the company at prevailing market price through stock exchange within next 30 working days.

SCML board meeting Aug 27
Saiham Cotton Mills Limited (SCML) has organised its board meeting at the company's head office in the city at 3:30pm on August 27, 2015.
The company's board members will consider, among others, its audited financial statements for the year that ended on April 30, 2015.

SIL suspends IPO subscription
The subscription schedule of initial public offering (IPO) of Simtex Industries Limited (SIL) has been postponed by Bangladesh Securities and Exchange Commission (BSEC) due to unavoidable circumstances.
The new schedule of subscription will be notified later.

DLIC sponsor sells shares
Nasiruddin Ahmed, sponsor of Delta Life Insurance Company Limited (DLIC), has sold 1,00,000 shares of the company at prevailing market price through stock exchange as announced earlier.

APGIC re-elects chairman, vice-chairman
The board of directors of Asia Pacific General Insurance Company Limited (APGIC) has unanimously re-elected Aftab ul Islam and Kashmiri Kamal chairman and vice-chairman respectively of the company for the next term.     SOURCE: DSE/CSE