Corporate Briefs
METRO SPINNING
The company's Board of Directors has recommended 20 percent stock dividend as of June 30, 2010. The board has also decided to sell 644.22 decimal land at Gazipur in Mawna to make the payment of subscription money of its 60 lakh rights shares. The AGM will be held on December 27 (9:30am) at Spectra Convention Centre in Dhaka. The record date is October 25. The company has also reported earnings per share of Tk 3.84, net asset value per share of Tk 28.75 and net operating cash flow per share of Tk 0.70 as of June 30. There was no price limit on the trading of shares yesterday following its corporate declaration.
SHAHJALAL ISLAMI BANK
The Board of Directors of the bank has approved to transfer its memberships of Dhaka Stock Exchange and Chittagong Stock Exchange to its subsidiary company, Shahjalal Islami Bank Securities Ltd, at the price to be determined through the appointment of an independent valuer. The gain generated from the transfer will be accounted for in the accounts of the bank for 2010.
PHOENIX INSURANCE
The third EGM of the insurer will be held on November 28 at (3:30pm) at Institution of Diploma Engineers, Bangladesh in the city. The record date for the EGM is October 21. Other information of the meeting will remain the same as announced earlier.
GREEN DELTA INSURANCE
The insurer has resolved to fix the record date on October 28 for changing the denomination of share value (face value) from Tk 100 to Tk 10 as well as market lot from 10 to 100 shares.
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