Dragon Sweater & Spinning Limited announcements
187 Dhaka Stock Exchange announcements for Dragon Sweater & Spinning Limited (DSSL) since 2016: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (39).
- Sale Confirmation of a Sponsor Director
Mr. Mostafa Quamrus Sobhan, one of the Sponsors Directors of the Company, has further reported that he has completed his sale of 23,00,000 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 05.12.2018.
- Cash Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended on June 30, 2018 to the respective Shareholders Bank Accounts through BEFTN.
- Sale Declaration of a Sponsor Director
Mr. Mostafa Quamrus Sobhan, one of the Sponsors Directors of the Company, has expressed his intention to sell 23,00,000 shares (Bonus Shares) out of his total holding of 3,35,67,822 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within next 30 working days.
- Dividend Disbursement
The Company has informed that it has credited the bonus shares for the year ended on June 30, 2018 to the respective shareholders' BO Accounts on December 05, 2018.
- Sale Confirmation of a Sponsor Director
Mr. Mostafa Quamrus Sobhan, one of the Sponsors Directors of the Company, has further reported that he has completed his sale of 15,00,000 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 11.11.2018.
- Sale Declaration of a Sponsor Director
Mr. Mostafa Quamrus Sobhan, one of the Sponsors Directors of the Company, has expressed his intention to sell 15,00,000 shares (Bonus Shares) out of his total holding of 2,92,23,185 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within next 30 working days.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.81 for July-September 2018 as against Tk. 0.46 for July-September 2017; NOCFPS was Tk. 0.32 for July-September 2018 as against Tk. 0.27 for July-September 2017. NAV per share was Tk. 22.77 as on September 30, 2018 and Tk. 21.95 as on June 30, 2018.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 21, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- Resumption after record date
Trading of the shares of the Company will resume on 16.09.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 13.09.2018.
- Spot News
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 11.09.2018 to 12.09.2018. Trading of the shares of the Company will remain suspended on record date i.e., 13.09.2018.
- Placing the shares in Public Market from Spot Market as per BSEC Order
BSEC, vide its Order No. BSEC/Surveillance/2018-912/37 dated 06.09.2018, has withdrawn its earlier Order No. BSEC/Surveillance/2018-912/32 dated August 16, 2018 regarding Spot trading of the shares of Dragon Sweater and Spinning Limited. Trading of the shares of Dragon Sweater and Spinning Limited will be traded in the Public Market with effect from 09.09.2018.
- Dividend Declaration
The Board of Directors has recommended 5% cash and 20 % stock dividend for the year ended on June 30, 2018. Date of AGM: 12.11.2018, Time: 11.00 AM, Venue: Imperial Convention Center (4th Floor), 68/B, DIT Road, Malibagh, Chowdhury Para, Dhaka. Record date: 13.09.2018. The Company has also reported EPS of Tk. 2.25, NAV per share of Tk. 21.95 and NOCFPS of Tk. 1.23 for the year ended on June 30, 2018 as against Tk. 1.32, Tk. 13.73, Tk. 0.04 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (19.08.2018) following its corporate declaration.
- Placing the shares in compulsory Spot Market as per BSEC Order
BSEC vide its Order No. BSEC/Surveillance/2018-912/32 dated August 16, 2018 has directed the Dhaka Stock Exchange Limited to place the shares of Dragon Sweater and Spinning Limited in compulsory Spot Market for trading with relevant clearing and settlement regulations applicable for the trades in the Spot market as BSEC has observed unusual transactions and movement of price in this share. This Order shall be effective from the trading day of 19th August, 2018.
- Revaluation of Fixed Assets
The Company has informed that the Board of Directors has approved the revaluation on Land & Land Development, Building and Plant & Machinery of the Company as on June 30, 2018. Total Carrying Value before revaluation for those assets was Tk. 848,845,099.00. (cont.) (Continuation news of DSSL): After revaluation the amount stood at Tk. 1,725,777,826.00 resulting revaluation surplus of Tk. 876,932,727.00. As a result of the revaluation, NAV per share of the company has increased by Tk. 6.63. The revaluation has been conducted by ATA Khan & Co., Chartered Accountants. (end)
- Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on August 18, 2018 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Query Response
In response to a DSE query dated August 06, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Query Response
In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Query Response
In response to a DSE query dated July 03, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Resumption after record date
Trading of the shares of the Company will resume on 07.06.2018 after record date for EGM.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 06.06.2018 for EGM. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.
- Spot for EGM
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle from 04.06.2018 to 05.06.2018. Trading of the shares of the Company will remain suspended on record date i.e., 06.06.2018 for EGM. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.
- Decision to issue Rights
The Board of Directors has decided to raise the paid-up capital by Tk. 881,666,666.00 only of the Company by issuing Rights shares @ 3:2R (two rights shares for three existing shares) @ Tk. 10.00 each for expansion of the existing project of the Company, subject to approval of the shareholders in the 7th EGM and BSEC and other regulatory authorities. (cont.) (continuation news of DSSL): Date of EGM: 02.07.2018, Time: 1:00 PM, Venue: Imperial Convention Center (4th floor), 68/B, DIT Road, Malibagh, Chouwdhury para, Dhaka. Record date for EGM: 06.06.2018. Another Record Date will be declared for Rights issuance after getting approval from the BSEC.(end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (23.05.2018) following its corporate declaration.
- Resumption after record date
Trading of the shares of the Company will resume on 16.05.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 15.05.2018 for EGM.
- Spot for EGM
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle from 13.05.2018 to 14.05.2018. Trading of the shares of the Company will remain suspended on record date i.e., 15.05.2018 for EGM.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.66 for January-March 2018 as against Tk. 0.16 for January-March 2017; EPS was Tk. 1.75 for July 2017-March 2018 as against Tk. 1.04 for July 2016-March 2017. NOCFPS was Tk. 1.70 for July 2017-March 2018 as against Tk. 0.39 for July 2016-March 2017. NAV per share was Tk. 15.62 as on March 31, 2018 and Tk. 13.67 as on June 30, 2017.
- EGM to raise Authorized Capital
The Company has informed that the Board of Directors has decided to increase Authorized Capital of the Company from Tk. 150.00 crore to Tk. 300.00 crore subject to approval of the shareholders in the EGM. Date of EGM: 02.07.2018. Time: 11:00 AM. Venue: Imperial Convention Center (4th Floor), 68/B, DIT Road, Malibagh Chowdhury Para, Dhaka. Record date for EGM: 15.05.2018.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 16, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.
- Sale confirmation of a Sponsor Director
Mr. Mostafa Quamrus Sobhan, one of the Sponsors Directors of the Company, has further reported that he has completed his sale of 20,00,000 Bonus shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Sale Declaration of a Sponsor Director
Mr. Mostafa Quamrus Sobhan, one of the Sponsors Directors of the Company, has expressed his intention to sell 20,00,000 shares (Bonus Shares) out of his total holding of 3,12,23,185 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within next 30 working days.
- Fine Imposed on Sponsors & Directors of the Company
BSEC News: BSEC has imposed fine of Tk. 5.00 lac each to the following Sponsors & Directors of the Company namely Mr. Mostafa Quamrus Sobhan (Chairman), Mr. Mostafa Golam Quddus (Managing Director), Mrs. Fazlutun Nessa (Director), Mrs. Fauzia Quamrun Tania (Director), Mrs. Tasnia Quamrun Anika (Director) and Mrs. Shafia Sobhan Chowdhury (Director) for noncompliance of Securities laws in connection with utilization of IPO proceeds.
- Sale confirmation of a Sponsor Director
Mr. Mostafa Quamrus Sobhan, one of the Sponsors Directors of the Company, has further reported that he has completed his sale of 10,00,000 Bonus shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Sale Declaration of a Sponsor Director
Mr. Mostafa Quamrus Sobhan, one of the Sponsors Directors of the Company, has expressed his intention to sell 10,00,000 shares (Bonus Shares) out of his total holding of 3,22,23,185 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within next 30 working days.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.65 for October-December 2017 as against Tk. 0.42 for October-December 2016; EPS was Tk. 1.11 for July-December, 2017 as against Tk. 0.89 for July-December, 2016. NOCFPS was Tk. 0.39 for July-December, 2017 as against Tk. 0.39 for July-December, 2016. NAV per share was Tk. 14.97 as on December 31, 2017 and Tk. 13.67 as on June 30, 2017.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on January 14, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period from July 01, 2017 to December 31, 2017.
- Query Response
In response to a DSE query dated January 02, 2017, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares and increase in trading volume.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.