News in Brief
Golden Harvest to issue 8.99cr rights shares
Golden Harvest has received regulatory approval to raise Tk 89.93 crore through issuance of 8.99 crore rights shares of Tk 10 each. Three rights shares will be offered for existing four shares. The proceeds will be used for business expansion and repaying bank loans.
BSEC fines Adil Securities Tk 1 lakh
Adil Securities Ltd has been slapped with Tk 1 lakh fine for opening more than one solo account for each investor and providing margin loans to one of its directors and officials.
PLFS director fined for breach of rules
The capital market watchdog has fined Monowar Hossain, a director of People’s Leasing and Financial Services, for selling 1.58 lakh shares without giving prior notice and also ordered to freeze his beneficiary account.
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