Tuesday, December 8, 2015, Agrahayan 24, 1422 BS, Safar 25, 1437 Hijri

Corporate News
Published :Tuesday, 8 December, 2015,  Time : 12:00 AM  View Count : 14

Dacca Dyeing AGM, EGM now Dec 23
Business Desk
The board of directors of Dacca Dyeing and Manufacturing Company Limited (Dacca Dyeing) has decided to hold its annual general meeting (AGM) and extraordinary general meeting (EGM) on December 23, 2015 instead of December 26, 2015 due to unavoidable circumstances.
Other information in connection with the company's AGM and EGM will remain unchanged.

KCL board meeting today
Keya Cosmetics Limited (KCL) has organised its board meeting at the KCL head office in the city at 4:00pm today (December 8, 2015).
The company's board members will consider, among others, its audited financial statements for the year that concluded on June 30, 2015 in the meeting.

SAIF Power sponsors to sell shares
Tarafder Md Ruhul Amin and Tarafder Nigar Sultana, sponsors/directors of SAIF Powertec Limited (SAIF Power), will sell 15,00,000 shares and 10,00,000 (bonus shares) out of their total holding of 1,85,93,293 shares and 1,71,56,374 shares of the company at prevailing market price through stock exchange within next 30 working days.

PTL to buy new capital machinery
 The board of directors of Paramount Textile Limited (PTL) has decided to purchase two brand new capital machinery under the credit facilities of HSBC, Dhaka with the following specifications: Name of Machineries: Double Drum Raising Machine and Weft Straightener ORTHOPAC, Countries of Origin: Italy and Federal Republic of Germany respectively, Mode of payments: Irrevocable L/C at sight (UPAS), Price in Euro (?): 1,38,000.00 and 37,000.00 respectively with gross total amounting to Euro 1,75,000.00.

Proposal to purchase BGTL
ordinary shares okayed
The board of directors of Bengal Windsor Thermoplastics Limited (BGTL) has approved the investment proposal of purchasing 1,79,500 ordinary shares of Tk 100.00 each at a consideration of Tk 121.96 per share, amounting Tk 2,18,91,820.00 of Bengal Petrochem and Synthetic Textiles Limited (BPSTL), a subsidiary company.
Therefore, total investment in Bengal Petrochem and Synthetic Textiles Limited of the company shall stand to 99.94 per cent from 80 per cent.

FAR Chem bonus shares credited
The bonus shares of FAR Chemical Industries Limited (FAR Chem) for the year that ended June 30, 2015 have already been credited through Central Depository Bangladesh Limited (CDBL) to the respective shareholders' beneficiary owners (BO) accounts on November 25, 2015.
The company's fractional shares has been sold, which is under process to transfer to the respective shareholders bank account through BEFTN.

FEKDIL paid-up shares increased
Paid-up shares of Far East Knitting and Dyeing Industries Limited (FEKDIL) have been increased by 13,343,542 bonus shares (i.e. 10 per cent bonus of 133,435,420 shares) as the scrip has been allowed to trade as ex-benefits with effect from Monday (December 7, 2015).
Now the company's total paid-up shares is 146,778,962.    SOURCE: DSE/CSE

Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka. Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000. Phone :9586651-58. Fax: 9586659-60, Advertisemnet: 9513663, E-mail: [email protected], [email protected], [email protected]