Silco Pharma receives go-ahead for IPO
The stockmarket regulator yesterday approved an initial public offering of Silco Pharmaceuticals, which plans to raise Tk 30 crore by issuing 3 crore shares at a face value Tk 10. The company will use the IPO proceeds to buy machinery, delivery van and build a factory building. The weighted average earnings per share of Silco is Tk 1.46.
Stock dealers get more time to keep provision
Stock dealers and stock brokers will get one more year to keep provision against the unrealised loss of their margin accountholders. Yesterday, Bangladesh Securities and Exchange Commission decided to extend the optional provisioning period to December 31 of 2020, in response to appeal from the DSE Brokers' Association.