11 February 2010 DSE News (COMPANIES NEWS)

Source: DSE

FUWANGFOOD: (correction): We refer to our today's (11.02.10) news regarding declaration for sale of 6,66,000 shares by Mr. Hsu Chin Hua, one of the Sponsors of Fu-wang Foods Ltd. which was disseminated twice inadvertently. Please disregard our later news regarding the same. We regret for the inconvenience.

SANDHANINS: (Continuation news of SANDHANINS): 3. To purchase floor space of 10,916.44 sft. on the 2nd & 3rd floor @ Tk. 9,500 per sft. of "BGIC Tower", 34, Topkhana Road, Dhaka at a total negotiated price of Tk. 10,37,06,180.00 only excluding the cost of stamp, registration etc.

SANDHANINS: The company has informed that the Board of Directors of the company has taken the following decisions: 1. To sponsor a Mutual Fund Titled "Sandhani Life Mutual Fund" (proposed) for the size of Tk. 200 crore, with face value of Tk. 10.00, after taking proper permission from all regulatory authorities concerned. Aims of Bangladesh Ltd. will be the Asset Management Company for the proposed fund, 2. To form a subsidiary company in the name of "Sandhani Life Finance Ltd." (proposed) for merchant banking operation after taking proper permission from all regulatory authorities concerned. The paid up capital of the said company will be Tk. 10.00 crore (continue)


MARICO: As per un-audited quarterly accounts for the 1st quarter ended on 31st December, 2009 (October to December) the Company has reported profit after tax of Tk. 127.94 million with EPS of Tk. 4.06 as against Tk. 78.93 million and Tk. 2.78 respectively for the same period of the previous year.

 DHAKABANK: There will be no price limit on the trading of the shares of the Bank on 14.02.10 following its corporate declaration.

DHAKABANK: The Board of Directors has recommended stock dividend @ 25% (i.e. 1 bonus share for every 4 shares) for the year 2009. Date of AGM: 28.03.10, Time: 11:00 AM, Venue: Bangabandhu International Conference Centre, Agargaon, Sher-E-Bangla Nagar, Dhaka. Record date: 03.03.10. The Bank has also reported EPS of Tk. 45.09, Net Asset Value (NAV) per share of Tk. 233.38 and Net Operating Cash Flow per share of Tk. 70.01 for the year ended on 31.12.2009. The Bank has also informed that the Board of Directors has decided to open Exchange Houses in abroad specially in Singapore, Malaysia, UK, USA, Canada, Italy, KSA, Kuwait, UAE and other countries under 100% ownership or joint venture basis subject to obtaining approval from all competent authorities and favorable feasibility studies.


MAKSONSPIN: The company has further informed that the 5th AGM of the company will be held on 20.02.10 at 10:00 AM at Spectra Convention Centre, House No. 19, Road No. 7, Gulshan-1, Dhaka. Other information of the AGM as announced earlier.

UNITEDINS: As per regulation 30 of DSE listing Regulations, the Company has informed that a meeting of the Board of Directors of the Company will be held on February 15, 2010 at 3:00 p.m. for consideration of its accounts and appropriation for the year 2009.

 SALAMCRST: Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 14.02.10 to 16.02.10. Trading of the shares of the company will remain suspended on record date i.e. 17.02.10.

BDTHAI: Normal trading of the shares of the company will resume on 14.02.10 after Record date for EGM.

CTGVEG: In response to a DSE query dated 10.02.10, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike.

IMAMBUTTON: As per un-audited half yearly accounts as on 31.12.09, the Company has reported net loss of Tk. (1.72) m. with EPS of Tk. (2.45) as against last year's half yearly profit after tax of Tk. 3.42 m. and EPS of Tk. 4.89. Accumulated loss of the Company was Tk. (1.55) m. as on 31.12.09.


MERCANBANK: The Bank has informed that a meeting of the Board of Directors of the Bank will be held on February 14, 2010 at 3:15 p.m. for consideration of Annual Accounts for the year ended on 31.12.2009 and appropriation for the same period along with other agenda in the meeting.