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Company Profile of Maksons Spinning Mills Limited

2011-07-07T11:52:00.000-07:00

Maksons spinning mills limited is a sister concern company of Maksons group having capacity of 45,000 spindles. Which is one of the Bangladeshi giant company. The principal activity of Maksons spinning mills limited is to produce and export high quality 100% cotton yarn. This spinning mills is listed Dhaka Stock Exchange Limited (DSE) & Chittagong Stock Exchange Limited (CSE) in the year of 2008

About Salvo Chemical Industry Ltd

2011-02-07T11:16:00.000-08:00

Company Profile: Salvo Chemical Industry Ltd has been establish in 2003 with a vision to serve the bulk chemical market in Bangladesh. It is a leading Sulphuric Acid manufacturer in Bangladesh. The production of Sulphuric Acid has come to be accepted throughout the world as a reliable barometer of industrial activity. It is used in the process industries from very dilute concentrations for Ph

Complete Small Tasks & Earn Real Money: Microworkers

2011-01-30T00:15:00.000-08:00

Managing a website or an online marketing campaign involves a lot of hours on small, repetitive tasks. These tasks may include signing up on different websites, posting blog comments, submitting articles, and joining forum discussions – tasks that almost anyone can do for cheap. Enter Microworkers, a free website that connects people who need these small tasks done, with people who have some free

MJL's IPO Lottery Result Draw January 31

2011-01-27T10:52:00.000-08:00

The draw of IPO lottery of Mobil Jamuna Lubricants (MJL) will be held on January 31 at the Banghabandhu International Conference Centre, officials said. The officials said the IPO (initial public offering) lottery draw will start at 10:00 am as per regulator's consent. Fresh schedules of distribution of refund warrants will be announced in time. The offer price of the MJL's share is Tk 152 and

Restriction on dividend disbursement by 15 banks

2011-01-24T12:32:00.000-08:00

The central bank has decided to create a new window for investment through imposing restriction on disbursement of dividends by 15 private commercial banks (PCBs). Under this decision, the net profit from banks' operations in capital market can be kept as retained earnings, not to be disbursed among the shareholders in form of either cash or bonus shares. But the banks can invest such fund in

New Rules and Decision for Stock Market

2011-01-23T10:49:00.000-08:00

Finance Minister declare the new rules and decision for Stock market. Which are as follows..... 1. Tuesday open market. 2. No circuit breaker 4 Index. 3. Item wise circuit breaker reduce. 4. New margin loan ratio(Client). 5. Institutional Profit re-invest in share market. 6. All Merchant bank agree to buy mood. 7. BB not hammering the Merchant Bank and flexible the Share Business. 8. Book

Stock Enchange Trading Resumes Tuesday

2011-01-23T10:38:00.000-08:00

The government will form a high-profile committee in 15 days to probe the stockmarket crash as part of its efforts to salvage the sinking stockmarket, said Finance Minister AMA Muhith yesterday. “We will prepare a complete reform package for the market,” Muhith said at a press conference in his ministry. The decision came after a four-hour meeting between the finance minister and stakeholders

Muhith Announces Stock Market Bailout Measures

2011-01-23T10:35:00.000-08:00

(Banks to plough back profits, index circuit breaker withdrawn ) Finance Minister AMA Muhith announced Sunday a host of measures, including re-investment of profits the commercial and merchant banks earned from share trading, to resuscitate the country's collapsing stock market. The finance minister told a press briefing that the commercial and merchant banks would plough back their profit in

No Trading at Bourses Monday

2011-01-22T23:06:00.003-08:00

Trading at Dhaka and Chittagong stock exchanges will remain closed on Monday, the DSE president says. The decision came form a meeting of stakeholders on Sunday at the state guesthouse Padma, Shakil Rizvi told reporters.

Salvo Chemical Industry Limited

2011-01-22T22:55:00.000-08:00

Company Profile Nature of Business The company has been established with a view to producing and supply of different Chemicals for local consumption. Subscription Open January 30, 2011 Subscription Close February 03, 2011 For Non-Resident Bangladeshi January 30, 2011 to February 12, 2011 Authorized Capital Tk. 500 million Pre- IPO paid-up Capital Tk. 141 million IPO size Tk. 260 million

SEC Approves Rights of Three Companies

2011-01-22T22:52:00.000-08:00

The securities regulator has approved the rights offers of three companies---CMC Kamal, BD Welding and United Commercial Bank Limited (UCBL) officials said. The approvals came after a board meeting of the Securities and Exchange Commission (SEC) Thursday evening, chaired by SEC Chairman Ziaul Haque Khondker. As per SEC approval, CMC Kamal and BD Welding will issue two rights shares against one

Mercantile Bank Ltd First Mutual Fund IPO Lottery Today

2011-01-08T23:13:00.000-08:00

The IPO lottery of Mercantile Bank Ltd First Mutual Fund (MBL 1st Mutual Fund) will be held today (Sunday) at 11-00 am at city's Emmanuelle's Banquet Hall (Gulshan-1). According to LR Global, the issue manager of the IPO, the mutual fund was over-subscribed by about 113 per cent.

Bangladesh Shipping Corporation Will Offload Share in 3 Months

2010-12-07T00:00:00.000-08:00

Shares of Bangladesh Shipping Corporation worth Tk 627.4 million will be offloaded through the capital market with next three months. Declared price of each share will be Tk 100 and premium will be added to the price, officials said Friday night after inking an agreement with Credit Rating Information and Services Ltd (CRISL). Secretary of the BSC Golam Hossain and CEO of CRISL Muzaffar Ahmed

ICB to Launch Two Tk 10b Mutual Funds

2010-12-06T23:58:00.001-08:00

State-owned Investment Corporation of Bangladesh (ICB) is set to launch two mutual funds of Tk10 billion, which would be the biggest ever mutual fund in the history of country’s capital market. The mutual funds– ICB Multi-Sectoral Mutual Fund Scheme-1 and ICB NRB-Energy Sectoral Mutual Fund Scheme-1, would be of Tk5.0 billion each. ICB Asset Management Company Ltd ( IAMCL), a subsidiary of the

Dhaka Bank Issues Tk 2.0b Bonds

2010-12-06T23:57:00.000-08:00

Dhaka Bank Limited has issued BDT 2.0 billion 7 Year Fixed Rate Subordinated Bonds for their capital base in line with the Basel-II framework. This is first ever bond issuance of Dhaka Bank Limited. Standard Chartered Bank was the mandated lead arranger for this issuance. Bangladesh Bank and Securities and Exchange Commission gave all necessary approvals to issue this bond through private

Bangladesh Cable Shilpa Limited to Offload Shares by March

2010-12-06T23:56:00.000-08:00

State-owned Bangladesh Cable Shilpa Limited (BCSL) is going to offload shares by March to finance its new project, reports bdnews24.com. The company signed an agreement Monday with Swadesh Management Investment Limited to work as the issue manager, company secretary Lutfur Rahman Talukder said. “The issue manager will be responsible for completing all the process by March.” The money will be

Deshbandhu Polymer Limited's IPO subscriptions from October 24

2010-10-17T15:00:00.000-07:00

Subscriptions to the initial public offering (IPO) of Deshbandhu Polymer Limited will begin on October 24, according to a web posting of the Dhaka Stock Exchange (DSE), reports BSS. The subscriptions will remain open until October 28 for local investors, but the closing date for Non-resident Bangladeshis (NRBs) is November 6. The company is offering 16 million (1.60 crore) shares with a face

IPO Lottery Result of Active Fine Chemicals Ltd today

2010-10-17T14:55:00.000-07:00

The initial public offering (IPO) lottery draw of Active Fine Chemicals Limited will be held Monday (today) at the Banghobandhu International Conference Centre, officials said. The officials said the draw will be started at 10.30 and further schedules of distributing refunds warrants will be announced later. According to IPO prospectus, the company will offload 16 million ordinary shares of Tk

Popular Life MF lottery Sept 22, JB MF makes debut Monday

2010-09-16T11:15:00.000-07:00

The Initial Public Offering lottery draw of Popular Life First Mutual Fund will be held on September 22 at 10.30 am at National Sports Council in the city, officials said. The schedule of distributing refund warrants will be announced later. The IPO subscription of Popular Life First Mutual Fund, worth Tk 2.0 billion started on August 22 and ended on August 26. For resident and non-resident

First Janata Bank Mutual Fund Make Debut Today

2010-09-15T11:42:00.000-07:00

The Dhaka Stock Exchange (DSE) board is likely to approve the debut trading day of First Janata Bank Mutual Fund today (Thursday). The DSE listing committee in a meeting Wednesday recommended for listing of the 10-year tenured mutual fund worth Tk 2.0 billion, which equals with the largest ever mutual fund --Trust Bank First Mutual Fund that made debut early this year. It will be 27th mutual

Banglalink May Submit IPO Proposal by December

2010-09-14T23:08:00.000-07:00

The country’s second largest mobile phone company Banglalink, a brand of Egypt-based Orascom Telecom is likely to submit its Initial Public Offering (IPO) proposal to the stocks regulator by December this year. Dhaka Stock Exchange (DSE) president Shakil Rizvi Monday said this while he was speaking about its initiatives to inspire the country’s privatecompanies to be listed with the bourses.

SEC Digs into Rise of Eastern Housing

2010-09-14T22:54:00.001-07:00

The premier bourse failed to unearth evidence of wrongdoing in a suspicious price spike of Eastern Housing Ltd (EHL) shares, but the stockmarket regulator will now start to dig. The Securities and Exchange Commission (SEC) formed a two-member committee to probe the unusual price rise of EHL shares, an SEC official said yesterday. The market watchdog also asked the probe body, led by SEC

Summit Steps into Financial Services

2010-09-14T22:52:00.000-07:00

Summit Group is moving into the financial services sector with its purchase of a majority stake in both a leasing company and a local insurer. The group bought 59 percent of the shares of United Insurance and 30 percent shares of United Leasing, group Chairman Muhammed Aziz Khan told The Daily Star yesterday. “A memorandum of agreement was signed with Duncan Brothers, the majority shareowner of

IPO drought may worsen, Tough listing rules blamed

2010-09-14T22:46:00.000-07:00

The flow of initial public offering (IPO) into the stock market is expected to drop this year, aggravating the IPO-drought thanks to the setting of new guidelines for the public offer. Experts blame tougher regulations set by the government for the fall in the flow of IPOs which, they say, already led to overpricing of stocks. Only 13 companies went public in the current year so far against 18

Bangladesh takes part in shipbuilding fair in Germany

2010-09-07T11:56:00.000-07:00

Five local shipbuilders will take part in the world’s biggest shipbuilding biannual fair in Germany that begins today to showcase Bangladesh’s capacity in building ocean-going vessels for the global shipping companies. The four-day international Shipbuilding, Machinery and Marine Technology (SMM-2010) trade fair at Hamburg, the port city of Germany and major trading hub for central Europe, will