Fu-Wang Foods Limited announcements
385 Dhaka Stock Exchange announcements for Fu-Wang Foods Limited (FUWANGFOOD) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (36).
- Credit Rating Agency of Bangladesh Limited (CRAB) has assigned the entity rating of the Company as \"BBB2\" in the long
Credit Rating Agency of Bangladesh Limited (CRAB) has assigned the entity rating of the Company as \"BBB2\" in the long term and \"ST-3\" in the short term along with Stable outlook based on audited financial statements up to June 30, 2023; Bank liability position as on November 16, 2023 and other relevant quantitative and qualitative information up to the date of rating declaration.
- Resumption after record date
Trading of the shares of the company will resume on 21.11.2023.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 20.11.2023.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.19) for July-September, 2023 as against Tk. 0.04 for July-September, 2022; NOCFPS was Tk. 0.08 for July-September, 2023 as against Tk. 0.15 for July-September, 2022. NAV per share was Tk. 2.61 as on September 30, 2023 and Tk. 3.70 as on September 30, 2022.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle from 16.11.2023 to 19.11.2023 and trading of the shares will remain suspended on record date i.e., 20.11.2023.
- The auditor of the company has given the \"Qualified Opinion and Emphasis of Matter\" paragraph in the Auditor\'s Report
The auditor of the company has given the \"Qualified Opinion and Emphasis of Matter\" paragraph in the Auditor\'s Report of the company for the year ended June 30, 2023. To view the details, please visit: https://www.dsebd.org/assets/pdf/EMFuWang\%20Foods\%20Limited\%20for\%20the\%20year\%20ended\%20on\%2030\%20June\%202023.pdf
- 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 November 15, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2023.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (29.10.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended June 30, 2023. Date of AGM: 19.12.2023, Time: 11:00 AM, Venue: Digital Platform. Record date: 20.11.2023. The Company has also reported EPS of Tk. (0.57), NAV per share of Tk. 2.43 and NOCFPS of Tk. 0.16 for the year ended June 30, 2023 as against Tk. (2.26), Tk. 3.18 and Tk. 0.45 respectively for the year ended June 30, 2022.
- 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 October 28, 2023 at 12:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2023.
- Appointment of Managing Director
The Company has informed that the Board of Directors has accepted the resignation of Mr. Miya Mamun and decided to appoint Mr. Rafiqul Hasan Khan as the new Managing Director of the Company with immediate effect.
- Query Response
In response to a DSE query dated September 03, 2023, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
- Regarding Change in the Board of Directors
The Company has informed that Mr. Md. Afzal Hossain resigned from the position of Chairman & Director of the Board. The Company also informed that Mr. Md. Abul Kashem, Independent Director has been elected as Chairman of the Board and Mr. Mirza Rashed Nawaz has been appointed as nominated Director from Minori Bangladeshi Ltd.
- Query Response (Repeat)
(Repeat): In response to a DSE query dated July 06, 2023, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
- Query Response
In response to a DSE query dated July 06, 2023, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
- Interim Dividend Disbursement
The Company has informed that it has disbursed the interim cash dividend based on 6 months audited financials for the period ended December 31, 2022 to the respective shareholders.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.03 for January-March 2023 as against Tk. 0.02 for January-March 2022; EPS was Tk. 0.17 for July 2022-March 2023 as against Tk. 0.11 for July 2021-March 2022. NOCFPS was Tk. 0.12 for July 2022-March 2023 as against Tk. 0.15 for July 2021-March 2022. NAV per share was Tk. 3.96 as on March 31, 2023 and Tk. 11.70 as on March 31, 2022.
- 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 29, 2023 at 10:30 AM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2023.
- Resumption after record date
Trading of the shares of the company will resume on 22.03.2023.
- Suspension for Record date
Trading of the shares of the company will be suspended on record date i.e., 21.03.2023 for entitlement of interim dividend.
- Spot for Interim dividend entitlement
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 19.03.2023 to 20.03.2023 and trading of the shares will suspended on record date i.e., 21.03.2023 for entitlement of interim dividend.
- The auditor of the Fu Wang Food Ltd. has given the \"Qualified Opinion\" and \"Emphasis of Matter\" paragraphs in the Au
The auditor of the Fu Wang Food Ltd. has given the \"Qualified Opinion\" and \"Emphasis of Matter\" paragraphs in the Auditor\'s Report for the period ended 31 December 2022. \"Basis for Qualified Opinion: i. Refer to note-16, Payable for WPPF and Welfare Fund of BDT 19,719,400, as per section-234 of Bangladesh Labor Act 2006, a company is to pay 5\% of net profit of the year within 9 months of following the close of year (cont.1)
- (Continuation news of FUWANGFOOD): at the proportion of 80:10:10 to the participatory Fund, Welfare fund and workers Wel
(Continuation news of FUWANGFOOD): at the proportion of 80:10:10 to the participatory Fund, Welfare fund and workers Welfare Foundation Fund respectively. The company has not made any payment against Workers Profit Participation Fund (WPPF) during the period from the payable balance as at 30 June 2022. Management also stated that since the inception of WPPF, no payment was made to the Workers Welfare Foundation Fund. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of FUWANGFOOD): Emphasis of Matter: Without qualifying our opinion, we draw attention to following ma
(Continuation news of FUWANGFOOD): Emphasis of Matter: Without qualifying our opinion, we draw attention to following matters: i. Refer to Note-12, Deferred Tax Income charged during the period with deferred tax liability stands at BDT (8,766,204) and 49,535,917 respectively. As per IAS-12 Income Taxes, any adjustments to deferred tax liability as a result of temporary differences arising during the period is to be charged in the statement (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of FUWANGFOOD): of profit or loss and other comprehensive income. Due to some appeal against assessme
(Continuation news of FUWANGFOOD): of profit or loss and other comprehensive income. Due to some appeal against assessment made by tax authority the calculation of deferred tax may be varied. ii. Refer to Note-9.03, Composition of shareholders of the financial statement which describes, as per gazette notification no.: BSEC/CMRRCD/2009-193/217/Admin/90 dated 21 May 2019, all sponsors and directors other than independent directors (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of FUWANGFOOD): of the company listed with any stock exchange shall all time jointly hold minimum 30\
(Continuation news of FUWANGFOOD): of the company listed with any stock exchange shall all time jointly hold minimum 30\% (thirty percent) shares of the paid-up capital of the company. Whereas as at 31 December 2022, sponsor shareholders at the company holds only 7.85\% of the total paid-up capital. The company informed that the compliance of the notification is in process. However, a time extension request already been submitted (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of FUWANGFOOD): to Bangladesh Securities and Exchange Commission regarding the issue. iii. Refer Note
(Continuation news of FUWANGFOOD): to Bangladesh Securities and Exchange Commission regarding the issue. iii. Refer Note-14, Short Term bank loans and others includes a temporary loan from the Ex-Managing Director of BDT 16,580,000. The company confirmed that the settlement of the loan is in process and will be mitigated by the end of current financial year. iv. Refer Note-17.01 & 17.02. Provision for gratuity expenses (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of FUWANGFOOD): and provident fund expenses of BDT 4,003,010 and 2,496,431 respectively for both the
(Continuation news of FUWANGFOOD): and provident fund expenses of BDT 4,003,010 and 2,496,431 respectively for both the holding company and the subsidiary company the above provisions during the period are charged to the holding company. It is reported by management that since most of the employees are appointed in the holding company the whole amount is charged in the holding company. (cont.7)
The first part of this announcement is missing from the archive. - (Continuation news of FUWANGFOOD): Consequently, the resulting deferred tax expenses and liability has hit the holding c
(Continuation news of FUWANGFOOD): Consequently, the resulting deferred tax expenses and liability has hit the holding company only. v. As per section 99 of Bangladesh Labor Act 2006 (as amended in 2015) for an establishment with 100 permanent workers the employer is to arrange group insurance for its employee. The company has not introduced any group insurance for its employees; a non-compliance of the Bangladesh Labor Act.\" (end)
The first part of this announcement is missing from the archive. - Audited Q2 Financials and Interim Dividend Declaration
(Q2 Audited): The Board of Directors of the Company has recommended 0.50% interim cash dividend for the period ended December 31, 2022. Record date for entitlement of interim cash dividend: 21.03.2023. EPS was Tk. 0.14 for July-December 2022 as against Tk. 0.09 for July-December 2021. NOCFPS was Tk. 0.08 for July-December 2022 as against Tk. 0.40 for July-December 2021. NAV per share was Tk. 3.74 as on December 31, 2022 and Tk. 3.46 as on June 30, 2022.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (28.02.2023) following its corporate declaration. However, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.
- Board Meeting schedule under LR 16(1)
Refer to their earlier news disseminated by DSE on 30.01.2023 regarding Q2 Un-audited Financials, the Company has further informed that a meeting of the Board of Directors will be held on February 27, 2023 at 3:00 PM to consider, among others, revised and audited financial statements of the Company for the Second Quarter (Q2) ended December 31, 2022.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.10 for October-December 2022 as against Tk. 0.03 for October-December 2021; EPS was Tk. 0.14 for July-December 2022 as against Tk. 0.09 for July-December 2021. NOCFPS was Tk. 0.01 for July-December 2022 as against Tk. 0.30 for July-December 2021. NAV per share was Tk. 3.80 as on December 31, 2022 and Tk. 11.69 as on December 31, 2021.
- 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 29, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2022.
- The Company has informed that the Board of Directors has decided to appoint M/S. Shiraz Khan Basak & Co, Chartered Accou
The Company has informed that the Board of Directors has decided to appoint M/S. Shiraz Khan Basak & Co, Chartered Accountants as an Auditor to conduct performance evaluation audit for the period from July 01, 2022 to December 31, 2022 of the Company. The Board of Directors has further decided to set up a production line to produce \"Puffed Rice/Muri\" under the name of \"Fuwang Muri\" at an existing factory premises located at Bokran, Gazipur. (cont.)
- Appointment of an Auditor and set up a production line
(Continuation news of FUWANGFOOD): It is expected that Muri will be available in the market at the end of February 2023. Total investment of the project estimated Taka 30 lac and daily production capacity will be 10 Metric Ton. (end)
The first part of this announcement is missing from the archive.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.