Hakkani Pulp & Paper Mills PLC. announcements
316 Dhaka Stock Exchange announcements for Hakkani Pulp & Paper Mills PLC. (HAKKANIPUL) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (31).
- Credit Rating Result
Emerging Credit Rating Limited (ECRL) has assigned the rating of the Company as "A -" in the long term and "ECRL- 2" in the short term along with positive outlook to the Company based on audited financial statements up to June 30, 2015 and other qualitative information.
- Record Date
The Company has requested the concerned brokerage house / merchant bank to provide the detailed data of the shareholders on the record date (shareholder's name, BO Number, e-TIN, Shareholders position etc) relating to margin loan to the email address: [email protected] by 24th December, 2015 followed by hard copy to receive cash dividend in their favour. Otherwise the Company will deposit cash dividend in the shareholder's account.
- Information for Brokerage houses relating to Margin Loan
The Company has requested the concerned brokerage house / merchant bank to provide the detailed data of the shareholders on the record date (shareholder's name, BO Number, e-TIN, Shareholders position etc) relating to margin loan to the email address: [email protected] by 24th December, 2015 followed by hard copy to receive cash dividend in their favour. Otherwise the Company will deposit cash dividend in the shareholder's account.
- Increasing the project cost of Tissue paper
The Company has informed that the Board of Directors has approved the revised proposal to increase the project cost of tissue paper to Tk. 22,49,84,000.00 from Tk. 16,45,50,200.00 i.e. project cost will be increased by Tk. 6,04,33,800.00 due to increase of production capacity from 10 Ton per day to 20 Ton per day.
- Resumption News after Record date
Normal trading of the shares of the Company will resume on 22.11.2015 after record date.
- Suspension News for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 19.11.2015.
- 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 17.11.2015 to 18.11.2015. Trading of the shares of the Company will remain suspended on record date i.e., 19.11.2015.
- Dividend Declaration
The Board of Directors has recommended 5% cash dividend for the year ended on June 30, 2015. Date of AGM: 06.12.2015, Time: 11:30 AM, Venue: EDEN GARDEN Community Center Near H Block, Port Connecting Road, Halishahar, Chittagong. Record Date: 19.11.2015. The Company has also reported EPS of Tk. 0.45, NAV per share (with revaluation reserve) of Tk. 30.23, NAV per share (without revaluation reserve) of Tk. 12.37 and NOCFPS of Tk. 1.30 for the year ended on June 30, 2015.
- Q1 Financials
(Q1 Un-audited): EPS for July-September, 2015 was Tk. 0.09 as against Tk. 0.16 for July-September, 2014; NOCFPS was Tk. 0.36 for July-September, 2015 as against Tk. 2.36 for July-September, 2014. NAV per share with revaluation reserve was Tk. 30.14 as of September 30, 2015 and Tk. 29.44 as of September 30, 2014, NAV per share without revaluation reserve was Tk. 12.46 as of September 30, 2015 and Tk. 11.59 as of September 30, 2014.
- Board Meeting
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 31, 2015 at 10:30 AM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2015.
- 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 31, 2015 at 10:30 AM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2015.
- DSEMGT will buy 10,965 shares of HAKKANIPUL
DSEMGT will buy 10,965 shares of Hakkani Pulp & Paper Mills Limited from BUYIN Market today (28.09.2015). Willing seller(s) are requested to intimate DSE Clearing House prior to placing sale order. Once trade is executed Selling Broker(s) are also requested to transfer the shares to DSE Clearing A/C (BO ID# 1100001000000035) from Broker Clearing A/C using Pay-Out Process within 2:30 PM.
- Time extension for investigating unusual price movement of shares
With reference to the earlier news (disseminated by DSE on 30th June, 2015) regarding BSEC Order related to investigation into unusual price increase in shares of Hakkani Pulp and Paper Mills Limited, the BSEC has extended time up to August 11, 2015 for completion of the said enquiry and submission of the enquiry report, vide its Order No. BSEC/Surveillance/2015-0855/689 dated August 03, 2015.
- Enquiry Committee formation by BSEC
Bangladesh Securities and Exchange Commission (BSEC) has formed an enquiry committee to investigate into unusual price increase in shares of Hakkani Pulp and Paper Mills Limited in the stock exchanges.
- BMRE and Tissue project implementation
In connection to their earlier news (disseminated by DSE on 14th June, 2015) regarding Sanction of loan to implement the BMRE and Tissue Project, the Company has further informed that the estimated time for testing/commissioning and final commercial production is July, 2016 for Tissue Project and is July, 2017 for Writing Printing and Glossy Paper Project.
- Sanction of loan to implement BMRE and Tissue Machine
The Company has informed that the Board of Directors of the Company has approved the sanction of loan for Tk. 422.50 million only from Social Islami Bank Limited, Agrabad Branch to implement the BMRE and Tissue project to produce Glossy, Offset and quality Tissue paper. Production capacity will be increased about 60 ton per day.
- Modification of existing ETP
The Company has informed that the Board of Directors of the Company has approved the Modification of existing ETP to enhance the Capacity at 1200M3/day. Total cost of the plant is Tk. 14.70 million only which would be financed by companys own source.
- Sponsors share transfer
M.A. Kader, one of the Sponsors of the Company, has further reported that he has completed his transfer of 11,44,000 shares of the Company to his brother Md. Abdullah, another Sponsor/Director of the Company, by way of gift outside the trading system of the Exchange as announced earlier.<br>
- Q3 Financials
Net Profit after tax from Jan15 to March15 was Tk. 0.14 million with EPS of Tk. 0.01 as against Tk. 1.32 million and Tk. 0.07 respectively for the same period of the previous year. Whereas Net Profit after tax from July14 to March15 was Tk. 4.15 million with EPS of Tk. 0.22 as against Tk. 3.98 million and Tk. 0.21 respectively for the same period of the previous year.
- Declaration of Transfer by Sponsors/Directors
M.A. Kader, one of the Sponsors of the Company, has expressed his intention to transfer 11,44,000 shares out of his total holdings of 16,00,000 shares of the Company to his brother Md. Abdullah, another Sponsor/Director of the Company, by way of gift outside the trading system of the Exchange within April 30, 2015.
- installation of a Tissue Machine
The Company has informed that the Board of Directors of the Company has approved the installation of a Tissue Machine for the purpose of producing various Quality Tissue Paper. Total value of the project is Tk. 16.50 crore only to be made by the Bank finance.
- purchase land
The Company has informed that the Board of Directors of the Company has approved the purchase of 41.00 decimal land adjacent to the factory at a cost of Tk. 5.00 million only made by the own finance.
- Confirmation of Transfer by Sponsors /Directors
Md. Abdullah, one of the Sponsors/Directors of the Company, has further reported that he has completed transfer of his total 7,00,000 shares of the Company to his sons namely, Md. Golam Mostafa, Md. Golam Kibria, Md. Golam Haider, Md. Golam Morshed and Md. Golam Rasul Muktadir, (each of them will receive 1,40,000 shares), all are Sponsors/Directors of the Company, by way of gift outside the trading system of the Exchange as announced earlier.
- Confirmation of Transfer by Sponsor /Director
Md. Golam Sarwar, one of the Sponsors/Directors of the Company, has further reported that he has completed transfer of his 4,10,000 shares of the Company to his father M.A. Kader, another Sponsors/Directors of the Company, by way of gift outside the trading system of the Exchange as announced earlier.
- Intention to buy/sell shares by Sponsors/Directors
Md. Abdullah, one of the Sponsors/Directors of the Company, has expressed his intention to transfer total 7,00,000 shares out of his total holdings of 10,80,000 shares of the Company to his sons namely, Md. Golam Mostafa, Md. Golam Kibria, Md. Golam Haider, Md. Golam Morshed and Md. Golam Rasul Muktadir, (each of them will receive 1,40,000 shares), all are Sponsors/Directors of the Company, by way of gift outside the trading system of the Exchange within April 30, 2015.
- Intention to buy/sell by Sponsor/Director
Md. Golam Sarwar, one of the Sponsors of the Company, has expressed his intention to transfer 4,10,000 shares out of his total holdings of 8,30,000 shares of the Company to his father M.A. Kader, another Sponsor of the Company, by way of gift outside the trading system of the Exchange within April 30, 2015.
- Confirmation of Transfer by Sponsor/Director
M.A. Kader, one of the Sponsors/Directors of the Company, has further reported that he has completed his transfer of 7,00,000 shares of the Company to his brother Md. Abdullah, another Sponsor/Director of the Company by way of gift outside the trading system of the Exchange as announced earlier.
- Sponsors/Directors intention to transfer share
M.A. Kader, one of the Sponsors/Directors of the Company, has expressed his intention to transfer 7,00,000 shares out of his total holdings of 18,90,000 shares of the Company to his brother Md. Abdullah, another Sponsors/Directors of the Company by way of gift outside the trading system of the Exchange within April 30, 2015.It is to be mentionable here the Company has informed that their Board has accepted the resignation of M.A. Kader from the Board of Directors of the Company with effect from April 12, 2015. However, the said transfer has been approved by DSE on April 02, 2015.
- Confirmation of Transfer by Sponsor/Director
Ferdous Ara Begum, one of the Sponsors/Directors of the Company, has further reported that she has completed her transfer of 6,90,000 shares of the Company to her spouse M.A. Kader, another Sponsor/Director of the Company, by way of gift outside the trading system of the Exchange as announced earlier. Md. Golam Sarwar, one of the Sponsors/Directors of the Company, has further reported that he has completed his transfer of 4,10,000 shares of the Company to his father M.A. Kader, another Sponsor/Director of the Company, by way of gift outside the trading system of the Exchange as announced earlier.
- Declaration of Transfer by Sponsor/Director
Md. Golam Sarwar, one of the Sponsors/Directors of the Company, has expressed his intention to transfer 4,10,000 shares out of his total holdings of 12,40,000 shares of the Company to his father M.A. Kader, another Sponsors/Directors of the company by way of gift outside the trading system of the Exchange within next 30 working days from the date of issuance of approval letter by DSE. Ferdous Ara Begum, one of the Sponsors/Directors of the Company, has expressed her intention to transfer 6,90,000 shares out of her total holdings of 11,00,000 shares of the Company to her spouse M.A. Kader, another Sponsors/Directors of the company by way of gift outside the trading system of the Exchange within next 30 working days from the date of issuance of approval letter by DSE.
- Half Yearly Financials
(H/Y Un-audited): Net profit after tax from July14 to Dec14 was Tk. 4.01 million with EPS of Tk. 0.21 as against Tk. 2.66 million and Tk. 0.14 respectively for the same period of the previous year. Whereas net profit after tax from Oct14 to Dec14 was Tk. 1.05 million with EPS of Tk. 0.05 as against Tk. 0.53 million and Tk. 0.03 respectively for the same period of the previous year.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.