FE Report (November 12, 2010)
The trading of Active Fine Chemicals and IFIL Islamic Mutual Fund-1 (IFIL IMF-1) will start at the DSE on November 22, officials said.
The Dhaka Stock Exchange (DSE) Thursday took the decision at a board meeting.
According to the initial public offering (IPO) prospectus, Active Fine Chemicals has offloaded 16 million ordinary shares of Tk 10.0 each totaling Tk 160 million, with market lot of 500 shares.
The IPO lottery draw of the company was held on October 17, and its subscription was 56.25 times higher than the IPO size.
The IPO lottery draw of IFIL IMF-1 was held on October 26, and its IPO was oversubscribed by 3.31 times.
Among the total units worth Tk 1.0 billion, the IFIL IMF-1 has offloaded units worth Tk 500 million through IPO with a face value of Tk 10.0 each.
Meanwhile, the trading of Beach Hatchery Limited's shares will resume next Sunday following an order of the SEC, officials said.
The Dhaka Stock Exchange (DSE) suspended the share trading of Beach Hatchery on September 21 due to unusual price hike. Then the Securities and Exchange Commission (SEC) formed a body to probe into the matter.
An SEC official said the DSE suspended the trading of Beach Hatchery following the regulator's permission, and now the DSE has withdrawn the suspension as per the SEC's instruction.
The SEC also cancelled the rights offer of Beach Hatchery on November 8, as its audit report was not updated. On the last trading day each share of Beach Hatchery was traded at Tk 99.
The trading of Active Fine Chemicals and IFIL Islamic Mutual Fund-1 (IFIL IMF-1) will start at the DSE on November 22, officials said.
The Dhaka Stock Exchange (DSE) Thursday took the decision at a board meeting.
According to the initial public offering (IPO) prospectus, Active Fine Chemicals has offloaded 16 million ordinary shares of Tk 10.0 each totaling Tk 160 million, with market lot of 500 shares.
The IPO lottery draw of the company was held on October 17, and its subscription was 56.25 times higher than the IPO size.
The IPO lottery draw of IFIL IMF-1 was held on October 26, and its IPO was oversubscribed by 3.31 times.
Among the total units worth Tk 1.0 billion, the IFIL IMF-1 has offloaded units worth Tk 500 million through IPO with a face value of Tk 10.0 each.
Meanwhile, the trading of Beach Hatchery Limited's shares will resume next Sunday following an order of the SEC, officials said.
The Dhaka Stock Exchange (DSE) suspended the share trading of Beach Hatchery on September 21 due to unusual price hike. Then the Securities and Exchange Commission (SEC) formed a body to probe into the matter.
An SEC official said the DSE suspended the trading of Beach Hatchery following the regulator's permission, and now the DSE has withdrawn the suspension as per the SEC's instruction.
The SEC also cancelled the rights offer of Beach Hatchery on November 8, as its audit report was not updated. On the last trading day each share of Beach Hatchery was traded at Tk 99.
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