Two listed companies change category

Dhaka,  Sun,  04 December 2016
Published : 27 Nov 2016, 21:26:42

Two listed companies change category

FE Report


Simtex Industries and Safko Spinning Mills have changed category effective from today (Monday), officials said.

"Simtex Industries will be placed in "A" category from existing "N" category with effect from Monday as the company has reported disbursement of 20 per cent cash dividend and 2.0 per cent stock dividend for the year ended on June 30, 2016" said a web post on the Dhaka Stock Exchange (DSE) Sunday.

Each share of the company, which was listed on the Dhaka bourse in 2015, closed at Tk 20.30 on Sunday, losing 0.45 per cent over the previous session.

"Safko Spinning Mills will be placed in "B" category from existing "A" category with effect from Monday as the company has approved only 3.0 per cent stock dividend for the year ended on June 30, 2016," said another web posting on the DSE.

Each share of the company, which was listed on the Dhaka bourse in 2000, closed at Tk 11.90 on Sunday, shedding 1.70 per cent over the previous session.

The stock brokers, merchant bankers and portfolio manager are requested to abstain from providing loan facilities to purchase any securities of Simtex Industries and Safko Spinning in first 30 trading days after change of categorization, starting from Monday as per securities regulator's directive in this regard.

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