The company's issue manager said a total of 60,86,064 shares out of 1.19 crore shares were sold, including 11,89,664 shares to institutional investors through the book building system, until March 7.
The company's share trading will remain suspended on the record date: March 9.
Credit Rating Information And Services Ltd (CRISL) has said the company's rating committee has announced the claim paying ability (CPA) rating of reliance insurance ltd as “AA” based on audited financial statements of the company for the year to December 31, 2008.
ASIA PACIFIC GENERAL INSURANCE
The insurer's board of directors recommended stock dividend at 10 percent for 2009. It also recommended raising paid-up capital by issuing the rights share at 1R: 1 (one rights share for each share) at an issue price of Tk 150 each (including premium of Tk 50) on paid-up capital after considering stock dividends for the year to 2009.
The company's annual general meeting will be held on April 15.
PRIME FINANCE & INVESTMENT LTD
The company's board of directors recommended stock dividend at 40 percent and cash dividend at 10 percent for 2009 while its annual general meeting will be held on April 22 (at 10:30am) at Bangabandhu International Conference Centre in Dhaka. The company reported net profit after tax of Tk 683.13 million, EPS of Tk 105.97, NAV per share of Tk 248.89 and net operating cash flow per share of Tk 174.46 for December 31, 2009 against Tk 286.05 million, Tk 44.37, Tk 200.09 and Tk 112.22 respectively on December 31,2008.