FAS Finance & Investment Limited announcements
337 Dhaka Stock Exchange announcements for FAS Finance & Investment Limited (FASFIN) since 2008: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2013 (31).
- (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2013 (July'13 to Sep'13), the Com
(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2013 (July'13 to Sep'13), the Company has reported consolidated net profit after tax (excluding non-controlling interests) of Tk. 2.38 million with consolidated EPS of Tk. 0.02 as against Tk. 11.66 million and Tk. 0.14 respectively for the same period of the previous year. Whereas consolidated net profit/(loss) after tax (excluding non-controlling interests) was Tk. 2.95 million with consolidated EPS of Tk. 0.03 for the period of nine months (Jan'13 to Sep'13) ended on 30.09.2013 as against Tk. (17.41) million and Tk. (0.21) respectively for the same period of the previous year.
- Mr. Abdul Matlub Ahmed, one of the Sponsors/Directors of the Company, has further reported that he has completed his sal
Mr. Abdul Matlub Ahmed, one of the Sponsors/Directors of the Company, has further reported that he has completed his sale of 28,26,129 shares of the Company at prevailing market through Stock Exchange as announced earlier.
- Nitol Motors Ltd., one of the Corporate Sponsors/Directors of the Company, has further reported that it has completed it
Nitol Motors Ltd., one of the Corporate Sponsors/Directors of the Company, has further reported that it has completed its sale of 1,47,19,425 shares of the Company at prevailing market through Stock Exchange as announced earlier.
- Ms. Selima Ahmed, one of the Sponsors of the Company, has further reported that she has completed her sale of 24,19,872
Ms. Selima Ahmed, one of the Sponsors of the Company, has further reported that she has completed her sale of 24,19,872 shares of the Company at prevailing market through Stock Exchange as announced earlier.
- Mr. Abdul Matlub Ahmed, one of the Sponsors/Directors of the Company, has expressed his intention to sell 28,26,129 shar
Mr. Abdul Matlub Ahmed, one of the Sponsors/Directors of the Company, has expressed his intention to sell 28,26,129 shares out of his total holding of 54,92,289 shares of the Company at prevailing market price (In the Block/odd lots Market) through Stock Exchange within October 31, 2013.
- Ms. Selima Ahmed, one of the Sponsors of the Company, has expressed her intention to sell 24,19,872 shares out of her to
Ms. Selima Ahmed, one of the Sponsors of the Company, has expressed her intention to sell 24,19,872 shares out of her total holding of 47,02,771 shares of the Company at prevailing market price (In the Block/odd lots Market) through Stock Exchange within October 31, 2013.
- Nitol Motors Ltd., one of the Corporate Sponsors/Directors of the Company, has expressed its intention to sell 1,47,19,4
Nitol Motors Ltd., one of the Corporate Sponsors/Directors of the Company, has expressed its intention to sell 1,47,19,425 shares out of its total holding of 2,86,05,675 shares of the Company at prevailing market price (In the Block/odd lots Market) through Stock Exchange within October 31, 2013.
- Mrs. Shaheen Ara, one of the Sponsors of the Company, has further reported that she has completed sell of her entire hol
Mrs. Shaheen Ara, one of the Sponsors of the Company, has further reported that she has completed sell of her entire holding of 1,17,225 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Mr. Md. Altaf Hossain, one of the Sponsors of the Company, has further reported that he has completed sell of his entire
Mr. Md. Altaf Hossain, one of the Sponsors of the Company, has further reported that he has completed sell of his entire holding of 1,61,912 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- (H/Y): As per un-audited half yearly accounts as on 30.06.2013 (Jan'13 to June'13), the Company has reported consolidate
(H/Y): As per un-audited half yearly accounts as on 30.06.2013 (Jan'13 to June'13), the Company has reported consolidated net profit/(loss) after tax (excluding non-controlling interests) of Tk. 0.57 million with consolidated EPS of Tk. 0.01 as against Tk. (29.07) million and Tk. (0.35) respectively for the same period of the previous year. Whereas consolidated net profit/(loss) after tax (excluding non-controlling interests) was Tk. (10.86) million with consolidated EPS of Tk. (0.12) for the period of 3 months (Apr'13 to June'13) ended on 30.06.2013 as against Tk. (4.91) million and Tk. (0.06) respectively for the same period of the previous year.
- Mrs. Shaheen Ara, one of the Sponsors of the Company, has expressed her intention to sell her entire holding of 1,17,225
Mrs. Shaheen Ara, one of the Sponsors of the Company, has expressed her intention to sell her entire holding of 1,17,225 shares of the Company at prevailing market price through stock exchange within next 30 working days.
- Mr. Md. Altaf Hossain, one of the Sponsors of the Company, has expressed his intention to sell his entire holding of 1,6
Mr. Md. Altaf Hossain, one of the Sponsors of the Company, has expressed his intention to sell his entire holding of 1,61,912 shares of the Company at prevailing market price through Stock Exchange within next 30 working days.
- The Company has informed that it has credited the bonus shares for the year ended on December 31, 2012 to the respective
The Company has informed that it has credited the bonus shares for the year ended on December 31, 2012 to the respective shareholders' BO Accounts on May 15, 2013.
- (Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2013 (Jan'13 to March'13), the Compan
(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2013 (Jan'13 to March'13), the Company has reported consolidated net profit/(loss) after tax (excluding non-controlling interest) of Tk. 11.44 million with consolidated basic EPS of Tk. 0.21 as against Tk. (24.16) million and Tk. (0.45) respectively for the same period of the previous year. However, considering bonus share @ 6% for the year 2012, consolidated restated basic EPS is Tk. 0.20 as on 31.03.2013 and Tk. (0.42) as on 31.03.2012.
- The Company has informed that it has credited the Rights shares to the respective shareholders' BO Accounts .
The Company has informed that it has credited the Rights shares to the respective shareholders' BO Accounts .
- Qualified Audit Opinion
"M.J.ABEDIN & Co", Auditor of the company, has given the following qualified opinion in the audit report of the company for the year ended 31.12.12: "Note # 6.00(b) Due to unusual / unexpected fall in the share market, the market value of collateral securities at 31.12.12 fell below the receivable amount by Tk.408,788,824 against which the company made provision for Tk. 71,641,066 which is equivalent to 6.13% of the outstanding loan amount. The above situation has made uncertain the recovery of loan given by FAS Finance and Investment Ltd. to FAS Capital Management Ltd. (Subsidiary). The loan represents, total investment portfolio of FFIL before a separate merchant Banking Company (FCML) was incorporated as per instruction of BSEC (Note - 1.00)."
- (Qualified Audit Opinion): "M.J.ABEDIN & Co", Auditor of the company, has given the following qualified opinion in the a
(Qualified Audit Opinion): "M.J.ABEDIN & Co", Auditor of the company, has given the following qualified opinion in the audit report of the company for the year ended 31.12.12: "Note # 6.00(b) Due to unusual / unexpected fall in the share market, the market value of collateral securities at 31.12.12 fell below the receivable amount by Tk.408,788,824 against which the company made provision for Tk. 71,641,066 which is equivalent to 6.13% of the outstanding loan amount. The above situation has made uncertain the recovery of loan given by FAS Finance and Investment Ltd. to FAS Capital Management Ltd. (Subsidiary). The loan represents, total investment portfolio of FFIL before a separate merchant Banking Company (FCML) was incorporated as per instruction of BSEC (Note - 1.00)."
- Normal trading of the shares of the Company will resume on 10.03.2013 after record date.
Normal trading of the shares of the Company will resume on 10.03.2013 after record date.
- Trading of the shares of the Company will remain suspended on record date i.e., 07.03.2013.
Trading of the shares of the Company will remain suspended on record date i.e., 07.03.2013.
- Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be
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 04.03.2013 to 06.03.2013. Trading of the shares of the Company will remain suspended on record date i.e., 07.03.2013.
- Normal trading of the shares of the Company will resume on 03.03.2013 after record date.
Normal trading of the shares of the Company will resume on 03.03.2013 after record date.
- Trading of the shares of the Company will remain suspended on record date i.e., 28.02.2013 for entitlement of Rights sha
Trading of the shares of the Company will remain suspended on record date i.e., 28.02.2013 for entitlement of Rights share.
- The Board of Directors has recommended stock dividend @ 6% for the year ended on December 31, 2012. Date of AGM: 25.04.2
The Board of Directors has recommended stock dividend @ 6% for the year ended on December 31, 2012. Date of AGM: 25.04.2013, Time: 10:30 AM, Venue: Hotel Abakash, Mohakhali, C/A, Dhaka-1212. Record Date: 07.03.2013. The Company has also reported consolidated EPS of Tk. 0.41, consolidated NAV per share of Tk. 18.15 and consolidated NOCFPS of Tk. (7.49) for the year ended on December 31, 2012.
- There will be no price limit on the trading of the shares of the Company today (26.02.2013) following its corporate decl
There will be no price limit on the trading of the shares of the Company today (26.02.2013) following its corporate declaration.
- Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be
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 the entitlement of Rights shares from 25.02.2013 to 27.02.2013. Trading of the shares of the Company will remain suspended on record date i.e., 28.02.2013.
- As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will
As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on February 25, 2013 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2012.
- The Company has informed that the subscription period for rights issue will be from 18.03.2013 to 04.04.2013. Record dat
The Company has informed that the subscription period for rights issue will be from 18.03.2013 to 04.04.2013. Record date for entitlement of rights share: 28.02.2013.
- Right issue
Bangladesh Securities and Exchange Commission (BSEC) has approved the Rights offer of FAS Finance & Investment Ltd. for 5,42,47,599 ordinary shares of Tk. 10.00 each at par totaling Tk. 54,24,75,990.00 only at a ratio of 1R:1, i.e. one rights share for one existing share. The approval has been accorded subject to the condition that the Company shall comply with the requirements embodied in the Securities and Exchange Commission (Rights Issue) Rules, 2006 and other relevant laws and Regulatory Requirements, and shall also adhere to the conditions imposed by BSEC under Section-2CC of the Securities and Exchange Ordinance, 1969.
- The Company has further informed that the purpose of Rights issue is to fulfill the regulatory requirements of Banglades
The Company has further informed that the purpose of Rights issue is to fulfill the regulatory requirements of Bangladesh Bank and to comply with the capital adequacy requirements as per BASEL-II, which will enable the Company to reach sustainable growth in business.
- Bangladesh Securities and Exchange Commission (BSEC) has approved the Rights offer of FAS Finance & Investment Ltd. for
Bangladesh Securities and Exchange Commission (BSEC) has approved the Rights offer of FAS Finance & Investment Ltd. for 5,42,47,599 ordinary shares of Tk. 10.00 each at par totaling Tk. 54,24,75,990.00 only at a ratio of 1R:1, i.e. one rights share for one existing share. The approval has been accorded subject to the condition that the Company shall comply with the requirements embodied in the Securities and Exchange Commission (Rights Issue) Rules, 2006 and other relevant laws and Regulatory Requirements, and shall also adhere to the conditions imposed by BSEC under Section-2CC of the Securities and Exchange Ordinance, 1969.
- The Company has informed that the Board of Directors of the Company has confirmed the acquisition of 2.5% share of paid-
The Company has informed that the Board of Directors of the Company has confirmed the acquisition of 2.5% share of paid-up capital amounting to Tk. 10.00 crore of Farmers Bank Limited (Proposed) by FAS Finance & Investment Limited, subject to the approval of Bangladesh Bank.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.