SEC Quarterly Review 

Apr-Jun2002 


CORPORATE FINANCE 
The Commission has accorded consent for publication of prospectus of  1(one) company during April -June 2002, the particulars of  which are furnished  below :

                                                                                                                                          Amount in Million Taka

Name of the

Company            

          

 Date of            Approval/     Publication

       Sponsors Equity

                            Public Equity

 Remarks    (Issued at

   par/

 premium)

 

 

 Local

  Foreign

Total

 General Public

   Foreign        

 Placement

    Local

 Placement   

   Total

 

      1

        2

   3

    4

     5

      6

      7

       8

  9

      10

MIDAS Financing Ltd.

27.06.002 29.06.002

55.40

--

55.40

15.00

--

29.60

44.60

At par

The Securities and Exchange Commission has made  further amendments in  the Public Issue Rules, 1998. According to the amendment, the  companies will  not be able to raise funds if   the name of any of their sponsors or directors or sister organizations appears on the list of  Credit Information Bureau (CIB) report  of the Bangladesh Bank.

The following companies were accorded consent under the Capital Issue of Public Limited Company Rules, 2001 to raise capital (both equity capital and borrowed capital) through private placement during the period:

Listed company
:

Sl. No.

Name of Company

Amount of capital

(Tk. in Million)

Type of security

1

United Leasing Company Ltd.

60

Debenture

2

Phoenix Leasing Company Ltd.

5 (excluding premium)

5% Bonus share

Unlisted company:

Sl. No.

Name of Company

Amount of capital

(Tk. in Million)

Type of security

1

Premier Bank Ltd.

21.6

8% Bonus share

2

One Bank Ltd.

22.3

9%  Bonus share

3

Power Grid Company of Bangladesh Ltd.

600

Ordinary share

4

Techno Textile Mills Ltd.

25.5

Ordinary share

5

Mercantile Bank Ltd.

44.4

10% Bonus share

7

Industrial and Infrastructure Development Finance Company Ltd.

1000

Zero coupon bond


List of  companies holding Annual General Meeting (AGM)
during  April-June 2002
April-2002

Sl. No.

Name of the Companies

AGM held on

Declared Dividend (%)

01

Prime Bank Ltd

15 April

30

02

Sinobangla Industries Ltd.

25 April

15

03

CMC Kamal Textile Mills Ltd.

26 April

11

04

Eastland Camelia Ltd.

29 April

0

05

National Tea Company Ltd.

30 April

15

May -2002

Sl. No.

Name of the Companies

AGM held on

Declared Dividend (%)

01

United Leasing Co. Ltd.

12 May

40

02

I.D.L.C Ltd.

14 May

30

03

Rupali Bank Ltd.

18 May

0

04

Uttara Finance & Investment Ltd.

19 May

25

05

Phoenix Insurance Co. Ltd.

20 May

23

06

Dhaka Bank Ltd.

22 May

25

07

Meghna Cement Mills Ltd.

22 May

25

08

Key & Que (BD) Ltd.

22 May

12

09

United Insurance Co. Ltd.

22 May

25

10

Apex Footwear Ltd.

23 May

10

11

Singer Bangladesh Limited

23 May

75

12

Chittagong Cement Clinker Grinding Co. Ltd

26 May

30

13

Glaxo Welcome Bangladesh Ltd.

27 May

37.5

     June-2002

Sl. No.

Name of the Companies

AGM held on

Declared Dividend (%)

01

Square Textiles Ltd.

13 June

30

02

Reliance Insurance Ltd.

15 June

30

03

BeximcoDenims Ltd.

20 June

5

Sl. No.

Name of the Companies

AGM held on

Declared Dividend (%)

04

Islami Bank Bangladesh Ltd.

20 June

25

05

Eastern Cables Limited

20 June

14

06

Wata Chemicals Ltd.

20 June

13

07

Bexeimco Infusions Limited

20 June

10

08

Bata  Shoe Co. (BD) Limited

20 June

100

09

Padma Printers & Color Ltd.

20 June

0

10

Quasem Silk Mills Ltd.

20 June

0

11

 Quasem Textile Mills Ltd.

20 June

0

12

Kohinoor Chemical Industries Ltd.

21 June

15

13

Beximco Textiles Ltd.

22 June

5

14

Padma Textile Mills Ltd.

22 June

5

15

Green Delta Insurance  Co. Ltd.

23 June

35

16

Beximco Knitting Ltd.

24 June

5

17

National Bank Limited

24 June

30

18

Bangladesh Lamps Limited

24 June

20

19

Bangladesh Export Import Co. Ltd.

24 June

5

20

Safko Spinning Mills Ltd.

24 June