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NAVANACNG
The Company has informed that the Board of Directors of the Company has reviewed its investment plan in its two projects, namely:- Pipes & Welding Electrodes Projects and has decided the following: (1) The Company's Pipes Project executed through its fully owned subsidiary, Navana Engineering Limited, will commence its commercial operation effective from 1 March 2011. The Project would involve an investment of Tk.10.00 crore, to be funded partly (Tk.1.00 crore) by the Company and the balance (Tk. 9.00 crore) by Mr. Shafiul Islam, Chairman of the Company, as interest free loan. The Project is presently undergoing trial operation. Its annual turnover is expected to be Tk. 15.00 crore, expecting a net profit of around Tk. 2.50 crore and (2) The Company's Welding Electrodes Project executed through its fully owned subsidiary, Navana Welding Electrodes Limited, would need an investment of Tk.50.00 crore, to be funded partly (Tk. 10.00 crore) by the Company and the balance (Tk. 40.00 crore) by Mr. Shafiul Islam, Chairman of the Company, as interest free loan. The land for project is under registration. The Project is expected to be completed within 31 December 2011. Its annual turnover is expected to be Tk. 40.00 crore, expecting a net profit of around Tk. 8.00 crore.


BRACBANK
The Board of Directors has recommended cash dividend @ 10% and stock dividend @ 20% for the year 2010. Date of AGM: 24.03.2011, Time: 10:00 AM, Venue: Bashundhara Convention Centre, Bashundhara R/A, Dhaka-1229. Record date: 06.03.2011. The Bank has reported Consolidated Profit after tax of Tk. 2,073.06 million, consolidated EPS of Tk. 68.17, consolidated NAV per share of Tk. 375.48 and consolidated NOCFPS of Tk. (145.63) for the year ended on December 31, 2010. The Bank has also reported Profit after tax of Tk. 1,664.35 million, EPS of Tk. 60.39, NAV per share of Tk. 332.91 and NOCFPS of Tk. (121.65) for the year ended on December 31, 2010 as against Tk. 1,303.59 million, Tk. 46.91, Tk. 371.55 and Tk. 371.48 respectively as on 31.12.09.
There will be no price limit on the trading of the shares of the Bank on 23.02.2011 following its corporate declaration.


ACIZCBOND
Advanced Chemical Industries Limited, Sponsor of the Bond, has informed the following: (1) As per the maturity schedule, the record date of ACI 20% Convertible Zero Coupon Bonds is 6th March 2011 (4th being the Friday). The bondholders whose name will appear in the Depository List on the record date will be entitled to get the redemption of 1st Series of Bonds, (2) As per the announced features, 80% of the redemption value will be paid in cash and rest 20% can be converted into ACI shares. The bondholders, who do not want to exercise the convertibility option, shall notify in writing their intention by 5 working days from the record date i.e. by 13th March 2011 to the address of Bond Department, ACI Limited, 245, Tejgaon Industrial Area, Dhaka-1208, (3) The NAV per share as per last audited financial statements (2009) is Tk 156.16 and the conversion strike price is Tk.171.78 (Tk.156.16*1.1) as per announced formula, (4) If any bondholder gets fraction or odd lot number of shares through conversion, the fraction or odd lot shares shall be credited to suspense account and will be sold out in the market. The equivalent selling price against the odd lot or fraction of shares will be paid to the respective bondholders and (5) After record date of 1st Series of Bonds, the number of series in each lot will be reduced to 4 from 5.



CONTININS
As per regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of Board of Directors of the Company will be held on February 28, 2011 at 3:30 p.m. to consider, among others, audited financial statements of the Company for the year ended on December 31, 2010.


HAKKANIPUL
SEC has issued show-cause cum hearing notice to the Company, its Directors, Managing Director and Company Secretary for non-compliance with the securities related laws in connection with retention of auditor for a consecutive period exceeding three years.

SALAMCRST
The Company has informed that S. Alam Power Generation Limited (SAPGL), a 70% owned subsidiary of S. Alam Cold Rolled Steels Ltd. (SACRSI.), has signed a Supply Contract with the SOJITZ MACHINERY CORPORATION of Osaka, Japan for supply and delivery of 100% brand new 16 MWe captive Power Plant Equipment consisting of 2 units of brand new WARTSILA W20V32GD engines along with related auxiliaries and Technical Assistance during installation and commissioning of the plant at the total CRR Chittagong Port price of EUR 10,400,000.00. Upon installation and commissioning of the aforesaid plant approximately by July, 2012, the SAPGL shall produce electricity to ensure regular uninterrupted power supply to the projects of S. Alam Cold Rolled Steels Ltd. and sell the excess, if any, to the Rural Electricity Board (REB) and others as may be approved in this behalf by the regulatory authorities.

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IDLC
As per regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of Board of Directors of the Company will be held on February 24, 2011 at 3:30 p.m. to consider, among others, audited financial statements of the Company for the year ended on December 31, 2010.

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23-02-2011
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PRIMEINSUR
Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 24.02.11 to 28.02.11. Trading of the shares of the company will remain suspended on record date i.e., 01.03.11.

EBL
Trading of the shares of the Bank will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 24.02.11 to 28.02.11. Trading of the shares of the Bank will remain suspended on record date i.e., 01.03.11.

MTBL
Trading of the shares of the Bank will remain suspended on record date i.e., 24.02.11 for AGM and EGM.

NBL
Normal trading of the shares of the Bank will resume on 24.02.11 after record date.

HRTEX
Trading of the shares of the company will remain suspended on record date i.e., 24.02.11.

FUWANGFOOD
Mr. Md. Sahadat Hossain, one of the Directors of the company, has further reported that he has completed his sale of 60,000 shares of the company at prevailing market price through Stock Exchange as announced earlier.

IDLC
As per regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of Board of Directors of the Company will be held on February 24, 2011 at 3:30 p.m. to consider, among others, audited financial statements of the Company for the year ended on December 31, 2010.

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Thanks Pavel