DSE will take decision on MI Cement and Barkatullah Electro Dynamics Ltd listing issue 16 May,2011.
Earlier DSE board applied to the SEC requesting it not to ask for listing MI Cement and asked the company management to make proper arrangement to refund the money collected from the primary shareholders. But the SEC rejected the application and directed the DSE management to make necessary arrangement in connection with MI Cement listing. MI Cement Earning Per Share stood at BDT 5.53 for nine months and Net Asset Value BDT 50.93 per share.
SEC has given waiver in the first 6 months as lock-in period for shares of directors’ portion. According to the existing law, manufacturing company sponsor portion has a lock- in period of 3 years from the date of listing. Each indicative share price has been fixed at BDT 111.60 against face value of BDT 10 each.
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