News Brief

HR Textiles’ corporate bond approved

The Bangladesh Securities and Exchange Commission (BSEC) has approved HR Textiles’ fixed-rate coupon bond worth Tk 50 crore.

The tenure of the non-convertible bond is seven years and it will be issued through private placement. The face value is Tk 10 lakh.

The textile company will use the proceeds to repay bank loans and develop production line.

HR Textiles’ earnings per share were Tk 0.54 in the third quarter of the current fiscal year. Its net asset value stood at Tk 42.85 per share on March 31, 2019.

BSEC to ensure proper use of investors’ info

The stock market regulator is going to issue a circular to ensure proper use of the personal information of the beneficiary-owner account-holders within July 21.

The regulator says many BO accounts have similar account number, mobile phone number and national identification number which is not acceptable.

The commission will ask the Central Depository Bangladesh Ltd (CDBL) to submit a report by July 31.

It also ordered the CDBL to store the email address of the stock investors, if possible.