Corporate Briefs

DELTA BRAC HOUSING FINANCE CORPORATION
The company has recommended 10 percent cash dividend and 25 percent stock dividend (1 bonus share for every 4 shares held) for the year ended on June 30, 2010. The company also declared December 8, 2010, as the date for its annual general meeting. The record date will be October 10. The time and venue for the meeting will be notified later. The company also reported net profit of Tk 307.35 million, earnings per share of Tk 74, net assets value per share of Tk 298 and net operating cash flow per share of Tk 324 as of June 30, 2010.
SONAR BANGLA INSURANCE
SEC issued a show cause cum hearing notice to the company for non-compliance in connection with holding a board meeting involving price sensitive decision during the trading hour as well as for not including the information of the net asset value, earning per share and net operating cash flow per share in the fax message of price sensitive information regarding dividend declaration.
TAKAFUL ISLAMI INSURANCE
SEC has issued show cause cum hearing notice to one of the directors of the company, Nafisa Salma, in connection with non-submission of share purchase declaration to Dhaka Stock Exchange Ltd.
GLOBAL INSURANCE
SEC has issued show cause cum hearing notice to the company for non-compliance in connection with holding a board meeting involving price sensitive decision during the trading hour.
MEGHNA PETROLEUM
The company has requested shareholders to collect their dividend warrants for the year ended June 30, 2009 from September 26 to September 29 from its registered office in Chittagong, Sylhet and from the office of deputy general manager at Meghna Bhaban in Dhaka, for Dhaka, Khulna, Rajshahi, Barisal and NRB shareholders. No dividend warrants will be issued in favour of shareholders maintaining accounts with banks having on-line facilities.
UTTARA FINANCE
Credit Rating Information and Services Limited (CRISL) has rated the company as "BBB" in the long term and "ST-4" in the short term based on financial statements of the company as of December 31, 2009, and other relevant quantitative as well as qualitative information up to date of rating declaration.
MONNO CERAMIC
Trading of the company's shares will be allowed only in the spot market (block/odd lot transactions will also be settled as per spot settlement cycle) on September 26 and remain suspended from September 27 to 29 for finalisation of Demat process.
IMAM BUTTON
Trading of the company's shares will be allowed only in the spot market (block/odd lot transactions will also be settled as per spot settlement cycle) on September 26 and remain suspended from September 27 to 29 for finalisation of Demat process.