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DSE NEWS 24.09.2020

Posted By : Admin    September 23, 2020   

Trading Code:FAREASTFIN
News Title:FAREASTFIN: Emphasis of Matter
News:(Continuation news of FAREASTFIN): contemplates the realization of assets and the settlement of liabilities in the normal course of business. The current credit facilities and resources of the company provides sufficient fund to meet the present requirements of its existing business operation. (end)
Post Date:2020-09-23
 
 
Trading Code:FAREASTFIN
News Title:FAREASTFIN: Emphasis of Matter
News:(Continuation news of FAREASTFIN): collecting the loans and leases amount from the customers. Accordingly, the accompanying Company s financial statements have been prepared assuming that the Company will continue as a going concern which (cont. 9)
Post Date:2020-09-23
 
 
Trading Code:FAREASTFIN
News Title:FAREASTFIN: Emphasis of Matter
News:(Continuation news of FAREASTFIN): Tk. 1,532,764,232 (Tk. 4,019,249,424 - Tk. 2,486,485,192) and the Company s Shareholders equity has decreased from Tk. 1,184,855,468 to Tk. 466,857,876 from the year 2018 to 2019 respectively. Fareast Finance and Investment Limited management believes that the Company will be able to recover from losses in the next succeeding years. The company has extended its current credit facilities and trying to increase its income and (cont. 8)
Post Date:2020-09-23
 
 
Trading Code:FAREASTFIN
News Title:FAREASTFIN: Emphasis of Matter
News:(Continuation news of FAREASTFIN): has sustained an accumulated loss of Tk. 1,522,224,822 on December 31, 2019 which includes net loss after Tax Tk. 717,997,592 for the year ended December 31, 2019. The Net asset value per share (NAV) has been reduced from Tk. 7.22 to Tk. 2.85 and net operating cash flows per share (NOCFPS) has also been reduced from Tk. 3.47 to Tk. (1.19) from the year 2018 to 2019. The company s net liability exceeds its assets within one year (cont. 7)
Post Date:2020-09-23
 
 
Trading Code:FAREASTFIN
News Title:FAREASTFIN: Emphasis of Matter
News:(Continuation news of FAREASTFIN): for loans, advances and leases, other assets and balance with other banks and financial institutions as per the letter # DFIM(C) 1054/09/2020-1420 dated 25 August 2020. Balance of shortfall of provision as on 31 December 2019 was BDT 756,534,714. Note - 2.40 Going Concern: The financial statements are prepared on the assumption that the entity is a going concern-and will continue its operations for the foreseeable future. The company (cont. 6)
Post Date:2020-09-23
 
 
Trading Code:FAREASTFIN
News Title:FAREASTFIN: Emphasis of Matter
News:(Continuation news of FAREASTFIN): cast doubt and may arise additional expected credit losses of the company. Note - 8.9.1 Shortfall of provision for loans, advances and leases, other assets and balance with other banks and financial institutions: According to the company s request, Bangladesh Bank has given 5 (five) years time i.e. 2019, 2020, 2021, 2022 and 2023 for maintaining equally the required provision/provision shortfall of Tk. 94.57 crore as on 31 December 2019 (cont. 5)
Post Date:2020-09-23
 
 
Trading Code:FAREASTFIN
News Title:FAREASTFIN: Emphasis of Matter
News:(Continuation news of FAREASTFIN): on the reports. According to available documents & CL statements Fareast Finance & Investment Limited shown Term Loan given to Fareast Stocks & Bonds Limited amount in Tk. 2,754,580,768 but according to Auditors opinion of Fareast Stocks & Bonds Limited they have found Tk. 2,522,206,023 in the books of accounts differences is Tk. 232,374,745. Which indicates that the recoverability of Term loan amount may (cont. 4)
Post Date:2020-09-23
 
 
Trading Code:FAREASTFIN
News Title:FAREASTFIN: Emphasis of Matter
News:(Continuation news of FAREASTFIN): In connection with our audit, we have performed audit procedures to evaluate management s assumptions as to the Company s ability to continue as a going concern. Our opinion is not modified in respect of this matter. 3. The company has one associate company namely Fareast Stocks & Bonds Limited is audited by other auditor whose report has been furnished to us and our opinion is as so far as it relates to the amounts included based (cont. 3)
Post Date:2020-09-23
 
 
Trading Code:FAREASTFIN
News Title:FAREASTFIN: Emphasis of Matter
News:(Continuation news of FAREASTFIN): an extended time span for four years for maintaining the shortfall provision. 2. We draw attention to Note 2.40 in the financial statements, which indicates that the Company incurred a net loss of Tk. 717,997,592 during the year ended December 31, 2019 and, as of that date, the Company s current liabilities exceeded its total assets by Tk. 1,532,764,232 As stated in Note 2.40, these events or conditions, along with other matters as set forth in Note 2.40. (cont. 2)
Post Date:2020-09-23
 
 
Trading Code:FAREASTFIN
News Title:FAREASTFIN: Emphasis of Matter
News:The auditor of Fareast Finance & Investment Limited has given the following Emphasis of Matter in the audit report of the Company prepared for the year ended on 31 December 2019. Emphasis of Matter: 1. We draw attention to note - 8.9.1 of the financial statements which describes the shortfall of required provision against classified loans, advances and leases, other assets and balance with other banks and financial institutions Tk. 756,534,714. The Bangladesh Bank has given (cont. 1)
Post Date:2020-09-23
 
 
Trading Code:EXCH
News Title:DSENEWS: Daily Turnover
News:Today s (23.09.2020) Total Trades: 176,741; Volume: 343,615,731 and Turnover: Tk. 8,818.142 million.
Post Date:2020-09-23
 
 
Trading Code:PRIMEBANK
News Title:PRIMEBANK: Sale Declaration of a Sponsor
News:Mr. Khandker Mohammad Khaled, one of the Sponsors of the Company, has expressed his intention to sell 6,00,000 shares out of his total holding of 70,25,865 shares of the Company at prevailing market price (in the Block Market) through Stock Exchange (DSE) within October 31, 2020.
Post Date:2020-09-23
 
 
Trading Code:TUNGHAI
News Title:TUNGHAI: Query Response
News:In response to a DSE query dated September 22, 2020, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike and increase in volume of shares.
Post Date:2020-09-23
 
 
Trading Code:PADMAOIL
News Title:PADMAOIL: Decision to sell duty free marine fuel
News:The Company has informed that Bangladesh Petroleum Corporation has fixed excise duty free price of Marine fuel for supplies to foreign/local ships plying on water territory of Bangladesh arrived at Chattogram and Mongla Ports according to IMO Regulation. The Company will receive sale margin of Tk. 0.55 against per liter sale of Marine fuel.
Post Date:2020-09-23
 
 
Trading Code:MPETROLEUM
News Title:MPETROLEUM: Decision to sell duty free marine fuel
News:The Company has informed that as per IMO Regulation, the decision was taken to sell duty-free marine fuel as a bunker to the local and foreign ships sailing in the waters of Bangladesh. The Company will receive sale margin of Tk. 0.55 against per liter.
Post Date:2020-09-23
 
 
Trading Code:POPULARLIF
News Title:POPULARLIF: Dividend Disbursement
News:The Company has informed that it has disbursed Cash Dividend for the year ended on December 31, 2019 to the respective shareholders.
Post Date:2020-09-23
 
 
Trading Code:RELIANCINS
News Title:RELIANCINS: Buy Confirmation of a Corporate Sponsor Director
News:Kumudini Welfare Trust of Bengal (BD) Ltd., one of the Corporate Sponsor Directors of the Company, has further reported that it has completed its buying of 6,00,000 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 13.09.2020.
Post Date:2020-09-23
 
 
Trading Code:RUPALILIFE
News Title:RUPALILIFE: Buy Confirmation of a Sponsor Director
News:Mr. Abdullah Jamil Matin, one of the Sponsor Directors of the Company, has further reported that he has completed his buying of 22,000 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 15.09.2020.
Post Date:2020-09-23
 
 
Trading Code:CONTININS
News Title:CONTININS: Declaration of share transfer by a Sponsor Director
News:Mr. S.M. Abu Mohsin, one of the Sponsor Directors of the Company, has expressed his intention to transfer 1,00,000 shares out of his total holding of 9,77,372 shares to his son Mr. Syed Adeeb Ashfaq Uddin, by way of gift outside the trading system of the Exchange within October 31, 2020.
Post Date:2020-09-23
 
 
Trading Code:CONTININS
News Title:CONTININS: Declaration of share transfer by a Sponsor Director
News:Mr. Md. Yasin Ali, one of the Sponsor Directors of the Company, has expressed his intention to transfer 1,00,000 shares out of his total holding of 9,10,930 shares to his daughter Saira Yasin, by way of gift outside the trading system of the Exchange within 30 working days from the date of issuance of approval letter by DSE.
Post Date:2020-09-23
 
 
Trading Code:WALTONHIL
News Title:WALTONHIL: Price Limit for New Issue (correction)
News:(Correction): The Price limit of the Company will remain open 50% on issue price today (23.09.2020) and the following day (24.09.2020), Price limit will remain open 50% on closing price of debut trading. As per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020 and BSEC letter No. SEC/SRMIC/94-231/943 dated June 25, 2020, the public offer price of each share shall be considered as the floor price.
Post Date:2020-09-23
 
 
Trading Code:MIDASFIN
News Title:MIDASFIN: Dividend Disbursement
News:The Company has informed that it has credited the Bonus shares for the year ended on December 31, 2019 to the respective shareholders BO Accounts on September 13, 2020 and Cash Dividend to the respective shareholders Bank Accounts through EFT.
Post Date:2020-09-23
 
 
Trading Code:ASIAINS
News Title:ASIAINS: Confirmation of share transfer by a Sponsor
News:Mr. Mohammed Jamal Ullah, one of the Sponsors of the Company, has further reported that he has completed his transfer of 9,41,293 shares to his son Mr. Walid Mohd Shamuel, by way of gift outside the trading system of the Exchange (CSE) as per declaration disseminated on 15.09.2020.
Post Date:2020-09-23
 
 
Trading Code:KEYACOSMET
News Title:KEYACOSMET: Information regarding holding 22nd AGM
News:The Company has informed that after hearing the matter, the Hon ble Court was pleased to pass a judgement by condoning the delay and allowing the company to hold the 22nd Annual General Meeting for the year ended of 30th June, 2018. The Company has also informed that the date, time and venue for the 22nd Annual General Meeting will be informed later.
Post Date:2020-09-23
 
 
Trading Code:REGL
News Title:BSEC: BSEC Directive on Maximum Margin Loan Limit
News:(Continuation of BSECNEWS): i.e., equal of clients margin/deposit; DSEX Index 4001 to 5000 - maximum margin loan limit 1:0.75 Basis i.e., 75% of clients margin/deposit; DSEX Index 5001 to 6000 - maximum margin loan limit 1:0.50 Basis i.e., 50% of clients margin/deposit; DSEX Index 6001 and above - maximum margin loan limit 1:0.25 Basis i.e., 25% of clients margin/deposit. The Directive shall have effect from October 01, 2020. (end)
Post Date:2020-09-23
 
 
Trading Code:REGL
News Title:BSEC: BSEC Directive on Maximum Margin Loan Limit
News:BSEC News: As per BSEC Directive No. BSEC/Surveillance/2020 -975/128 dated 21 September 2020, the TREC holders of the stock exchanges may now extend maximum limit of credit facilities to their approved clients in the following manner under the Margin Riles, 1999 until further order: DSEX Index Below - 4000 maximum margin loan limit 1:1 Basis (cont.)
Post Date:2020-09-23
 
 
Trading Code:WALTONHIL
News Title:WALTONHIL: Q3 Financials
News:(Continuation news of WALTONHIL): Pre-IPO Net Asset Value (NAV) per share (considering Pre-IPO paid up shares) would be Tk. 266.38 as on 31 march 2020 and the same would be Tk. 267.01 (considering Post-IPO paid up shares). Pre-IPO paid-up number of shares for 3 (three) months (January-March 2020) and 9 (nine) months (July 2019-March 2020) period ended on 31 march 2020 was 300,000,000 which was same for the same period of the previous year and Post-IPO paid-up number of shares would be 302,928,343. (end)
Post Date:2020-09-23
 
 
Trading Code:WALTONHIL
News Title:WALTONHIL: Q3 Financials
News:(Continuation news of WALTONHIL): Moreover, profit after tax was Tk. 7,660.13 million and basic EPS of Tk. 25.53 for the 9 (nine) months (July 2019-March 2020) period ended on 31 March 2020 against profit after tax of Tk. 7,266.11 million and basic EPS of Tk. 24.22 for the same period of the previous year. However, Post-IPO EPS would be Tk. 25.29 for 9 (nine) months (July 2019-March 2020) period ended on 31 March 2020. (cont. 2)
Post Date:2020-09-23
 
 
Trading Code:WALTONHIL
News Title:WALTONHIL: Q3 Financials
News:(Q3 Un-audited): As per un-audited Q3 financial statements, profit after tax was Tk. 1,552.12 million and basic EPS of Tk. 5.17 for the 3 (three) months (January�March 2020) period ended on 31 March 2020 against profit after tax of Tk. 3,343.01 million and basic EPS of Tk. 11.14 for the same period of the previous year. However, Post-IPO basic EPS for the 3 (three) months (January�March 2020) period ended on 31 March 2020 would be Tk. 5.12. (cont. 1)
Post Date:2020-09-23
 
 
Trading Code:WALTONHIL
News Title:WALTONHIL: Price Limit for New Issue
News:The Price limit of the Company will remain open 50% on issue price today (23.09.2020) and the following day (24.09.2020), Price limit will remain open 50% on closing price of debut trading. As per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the face value of each share shall be considered as the floor price.
Post Date:2020-09-23
 
 
Trading Code:WALTONHIL
News Title:WALTONHIL: Prohibition on providing loan facilities to purchase securities
News:DSE NEWS: The Stock Brokers, Merchant Bankers and Portfolio Managers are requested to abstain from providing loan facilities to purchase securities of Walton Hi-Tech Industries Limited in between 1st to 30th trading day starting from today i.e. September 23, 2020 as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.
Post Date:2020-09-23
 
 
Trading Code:WALTONHIL
News Title:WALTONHIL: Trading of New Security
News:Trading of the shares of Walton Hi-Tech Industries Limited will commence at DSE from today i.e. September 23, 2020 under N category. DSE Trading Code for Walton Hi-Tech Industries Limited is "WALTONHIL" and DSE Company Code is 13248.
Post Date:2020-09-23
 
 
Trading Code:EXCH
News Title:DSENEWS: Reschedule of Commencement of Bidding of Mir Akhter Hossain Limited
News:(Continuation of DSENEWS): Participating EIs will be required to pay full bid amount (100%) and bidding fee BDT 5,000.00 (five thousand only) through The City Bank Limited (A/C Name: Dhaka Stock Exchange Limited, A/C No.: 1121063938001) in between 10:00 a.m. of October 04, 2020 to 2:00 p.m. of October 07, 2020 (during banking hour). Please visit the following website for bidding related updates: https://www.essbangladesh.com. (end)
Post Date:2020-09-23
 
 
Trading Code:EXCH
News Title:DSENEWS: Reschedule of Commencement of Bidding of Mir Akhter Hossain Limited
News:(Continuation of DSENEWS): as per clause (c) of sub-rule (1) of rule 2 of the Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015. The minimum tick size (minimum bidding value) for bidding shall be BDT 50 (fifty) Lakh which is in accordance with the BSEC consent letter to Mir Akhter Hossain Limited Ref: BSEC/CI/BB-18/2018/174 dated August 23, 2020. (cont. 3)
Post Date:2020-09-23
 
 
Trading Code:EXCH
News Title:DSENEWS: Reschedule of Commencement of Bidding of Mir Akhter Hossain Limited
News:(Continuation of DSENEWS): valuation report submission period for Eligible Investors through Electronic Subscription System (ESS) of the Exchanges will start at 10:30 a.m. on October 08, 2020 and continue till 10:30 a.m. on October 12, 2020. Each EI who intends to participate in the electronic bidding shall maintain a minimum investment of BDT 1.00 crore only in listed securities as on the end of 24th of September, 2020 (cont. 2)
Post Date:2020-09-23
 
 
Trading Code:EXCH
News Title:DSENEWS: Reschedule of Commencement of Bidding of Mir Akhter Hossain Limited
News:DSENEWS: Reschedule of Commencement of Bidding of Mir Akhter Hossain Limited through Book Building Method: As per request of the company, the revised bidding period for Eligible Investors to determine the cut-off price of shares of Mir Akhter Hossain Limited through Electronic Subscription System (ESS) of the Exchanges will commence from 5:00 p.m. on October 04, 2020 and will continue till 5:00 p.m. on October 07, 2020 (round the clock) and (cont. 1)
Post Date:2020-09-23
 
 
Trading Code:EXCH
News Title:DSENEWS: Commencement of Bidding of Energypac Power Generation Limited
News:(Continuation of DSENEWS): Social Islami Bank Limited (A/C Name: Dhaka Stock Exchange Limited, A/C No.: 0021360003343) in between 10:00 a.m. of September 21, 2020 to 2:00 p.m. of September 24, 2020 (during banking hour). Please visit the following website for bidding related updates: https://www.essbangladesh.com. (end)
Post Date:2020-09-23
 
 
Trading Code:EXCH
News Title:DSENEWS: Commencement of Bidding of Energypac Power Generation Limited
News:(Continuation of DSENEWS): Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015. The minimum tick size (minimum bidding value) for bidding shall be Tk. 50 (fifty) lac which is in accordance with the BSEC consent letter to Energypac Power Generation Limited Ref: BSEC/CI/BB-12/2017/166 dated August 16, 2020. Participating EIs will be required to pay full bid amount (100%) and bidding fee Tk. 5,000.00 (five thousand only) through (cont. 3)
Post Date:2020-09-23
 
 
Trading Code:EXCH
News Title:DSENEWS: Commencement of Bidding of Energypac Power Generation Limited
News:(Continuation of DSENEWS): through electronic subscription system (ESS) of the Exchanges will start at 10:30 a.m. on September 27, 2020 and continue till 10:30 a.m. on September 29, 2020 (round the clock). Each EI who intends to participate in the electronic bidding shall maintain a minimum investment of Tk. 1.00 crore only in listed securities as on the end of 13rd of September, 2020 as per clause (c) of sub-rule (1) of rule 2 of the (cont. 2)
Post Date:2020-09-23
 
 
Trading Code:EXCH
News Title:DSENEWS: Commencement of Bidding of Energypac Power Generation Limited
News:DSENEWS: Commencement of Bidding of Energypac Power Generation Limited through Book Building Method: The bidding period for Eligible Investors to determine the cut-off price of shares of Energypac Power Generation Limited through Electronic Subscription System (ESS) of the Exchanges will commence from 5:00 p.m. on September 21, 2020 and will continue till 5:00 p.m. on September 24, 2020 (round the clock) and valuation report submission period for eligible investors (cont. 1)
Post Date:2020-09-23
 
 
Trading Code:EXCH
News Title:DSENEWS: Compliances and Awareness for Alert to Covid - 19
News:(continuation news of DSENEWS): (6) Arrangement of hand sanitizer every time to enter office premise (employees, clients and visitors), (7) Arrangement of mask to provide to employees and clients in the brokerage house, (8) Discourage visitors to enter into the office, (9) Arrangement of virtual office for part of employees on rotation basis and (10) Avoid face to face meetings in the office and encourage telephone/video conference among the employees and clients. (end)
Post Date:2020-09-23
 
 
Trading Code:EXCH
News Title:DSENEWS: Compliances and Awareness for Alert to Covid - 19
News:DSENEWS: All concerned are hereby informed that (1) Discourage clients for rushing in the brokerage house and encourage more for trading through mobile apps and other internet based devices, (2) No hand shake, (3) No hugging; (4) Maintain reasonable social distance (at least one meter), (4) Identifying employees and clients who is coughing or sneezing or with any suspicious symptoms, (5) Avoid touching eyes, nose, ears and mouth, (cont.)
Post Date:2020-09-23
 
 
Trading Code:EXCH
News Title:DSENEWS: Awareness message
News:DSENEWS: All Stock Dealers, Stock Brokers and Authorized Representatives are asked to strictly follow the code of conduct as enumerated in the Second Schedule to the Securities and Exchange Commission (Stock Dealer, Stock Broker and Authorized Representative) Rules, 2000.
Post Date:2020-09-23
 
 
Trading Code:EXCH
News Title:DSENEWS: Legal Authorization regarding placing any sale order
News:DSENEWS: All Stock Brokers are requested to ensure due authorization from their clients, like sale orders, CDBL Pay-In form etc. before placing any sale order into the system.
Post Date:2020-09-23
 
 
Trading Code:EXCH
News Title:DSENEWS: Awareness Message for Investors
News:(Continuation of DSE News): If anyone spreads information based on rumor, using patent of DSE, he/she will be held liable under Copyright Act, 2000 and it shall be treated as punishable offence under Section-17 of the Securities and Exchange Ordinance, 1969. (end)
Post Date:2020-09-23
 
 
Trading Code:EXCH
News Title:DSENEWS: Awareness Message for Investors
News:DSE does not publish market data through any social media pages. INVESTORS should not rely on any information from an unauthorized source such as Facebook, WhatsApp, Viber, Linkedin etc. (cont.)
Post Date:2020-09-23
 
 
Trading Code:REGL
News Title:BSEC NEWS: Awareness Message for Investors
News:(Continuation of BSEC News - Awareness Message for Investors) 3. Do not pay any heed to rumors at the time of trading shares; it may cause loss to you. Even spreading rumor is legally prohibited. (Ref.: SEC letter no. SEC/SRMIC/2010/726 dated November 23, 2010). (end)
Post Date:2020-09-23
 
 
Trading Code:REGL
News Title:BSEC NEWS: Awareness Message for Investors
News:Investors are requested to consider the following facts at the time of making investment decision in the Capital Market: 1. Without acquiring proper knowledge, information and experience regarding different aspects and matters of Capital Market, one should not invest in the Capital Market. 2. The gain or loss, whichever comes from the investment, it belongs to you. So, well - thought of investment decision based on knowledge and fundamentals of the securities may be real assistance to you. (cont.)
Post Date:2020-09-23
 
 
Trading Code:EXCH
News Title:DSENEWS: Greetings Message
News:Honorable Investors, Good morning! Please make your investment decision based on Company fundamentals, technical analysis, price level and disclosed information. Avoid rumor-based speculations.
Post Date:2020-09-23
 

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