Metro Spinning Limited announcements
309 Dhaka Stock Exchange announcements for Metro Spinning Limited (METROSPIN) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2009 (38).
- Normal trading of the shares of the company will resume on 17.12.09 after Record date.
Normal trading of the shares of the company will resume on 17.12.09 after Record date.
- Trading of the shares of the company will remain suspended on record date i.e. 15.12.09.
Trading of the shares of the company will remain suspended on record date i.e. 15.12.09.
- (continuation of news of METROSPIN): subject to attaining approval from the shareholders in the 14th AGM. 3. The Board h
(continuation of news of METROSPIN): subject to attaining approval from the shareholders in the 14th AGM. 3. The Board has also decided upon the fund utilization, raised through Right Share Issue, Tk. 31.05 crore to be used for the liquidation of the Company's Bank loan for the time being, instead of setting up a new 100% Export Oriented Composite Textile unit, as the declared expansion will be materialized by availing Bank loan, subject to attaining approval from the shareholders in the 14th AGM and 4. The Board has additionally decided to carry out the 14th AGM on December 28, 2009 instead of January 07, 2010 as a continuing event for every year for the greater interest of the shareholders and the Company. However the time, venue and record date will remain unchanged.
The first part of this announcement is missing from the archive. - The company has informed that the Board of Directors of the company has finalized the following agenda: 1. The Board has
The company has informed that the Board of Directors of the company has finalized the following agenda: 1. The Board has decided to import 20 No's of Slab Yarn Device Machine from India worth of US $ 2,30,000 in two equal phases, for the existing unit, as an implementation of Product Diversification Program from own source. After inclusion of Slab Yarn Device Machine the existing unit will be able to produce Slab Yarn, with a raise in turnover of 20% approximately and to ensure increase in profitability. 2. Next the Board has decided to either acquire a ready 100% Export Oriented Composite Textile unit or to set up a new 100% Export Oriented Composite Textile unit by availing Bank Loan. This will result increase in turnover and profitability of the Company, (continue)
- 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 10.12.09 to 14.12.09. Trading of the shares of the company will remain suspended on record date i.e. 15.12.09.
- The company has further informed that the 54th Board Meeting of the company will now be held on 09.12.09 at 6:00 PM inst
The company has further informed that the 54th Board Meeting of the company will now be held on 09.12.09 at 6:00 PM instead of 10:00 AM to comply with the SEC Notification dated 27.09.09. Other information regarding the Board Meeting as announced earlier.
- There will be no price limit on the trading of the shares of the company today (06.12.09) following its corporate declar
There will be no price limit on the trading of the shares of the company today (06.12.09) following its corporate declaration.
- The Board of Directors has recommended stock dividend @ 25% for the year 2008-2009. Date of AGM: 07.01.2010, Time: 10:30
The Board of Directors has recommended stock dividend @ 25% for the year 2008-2009. Date of AGM: 07.01.2010, Time: 10:30 AM, Venue: Spectra Convention Centre, Gulshan-1, Dhaka. Record date: 15.12.09. The company has also reported Net Profit After Tax of Tk. 26.00 million, Earning Per Share (EPS) of Tk. 3.77, Net Asset Value (NAV) per share of Tk. 79.57 and Net Operating Cash Flow per share of Tk. (17.78) for the year ended 30th June 2009. The company has also informed that the Board Members express their interest to carry out 54th Board Meeting on 09.12.09 at 10:00 AM to discuss the expansion plan of new unit and fund utilization raised through Right Issue.
- The company has informed that it has credited the Rights share to the respective shareholder's BO Accounts on 19.11.09.
The company has informed that it has credited the Rights share to the respective shareholder's BO Accounts on 19.11.09.
- In compliance with the regulation 30 of DSE Listing Regulations, the company has informed that a meeting of the Board of
In compliance with the regulation 30 of DSE Listing Regulations, the company has informed that a meeting of the Board of Directors of the company will be held on 03.12.09 at 6:00 PM on the following agenda: 1. To confirm the minutes of the 52nd Board Meeting held on 16.11.09, 2. To consider Audited Annual Accounts for the year ended 30th June 2009, 3. To finalize the date, venue & Time of AGM and record date of AGM, 4. To declare Dividend 5. To elect Directors and 6. To transact any other business of the company.
- In response to a DSE query, the company has informed that there is no undisclosed price sensitive information of the com
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.
- Normal trading of the shares of the company will resume on 15.09.09 after Record date for entitlement of Right Shares.
Normal trading of the shares of the company will resume on 15.09.09 after Record date for entitlement of Right Shares.
- Trading of the shares of the company will remain suspended on record date i.e. 14.09.09 for entitlement of Right Shares.
Trading of the shares of the company will remain suspended on record date i.e. 14.09.09 for entitlement of Right Shares.
- 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 09.09.09 to 13.09.09. Trading of the shares of the company will remain suspended on record date i.e. 14.09.09 for entitlement of Right Share.
- Maksons Spinning Mills Limited (where 06 (six) Sponsors/Directors of Maksons Spinning Mills Limited are also the Sponsor
Maksons Spinning Mills Limited (where 06 (six) Sponsors/Directors of Maksons Spinning Mills Limited are also the Sponsors /Directors of Metro Spinning Limited), has reported its intention to sell 1,00,000 shares out of its total holdings of 1,00,050 shares of the company at prevailing market price through Stock Exchange within next 30 working days.
- The Company has further informed that subscription period for right issue will be from 27.09.09 to 26.10.09. Record date
The Company has further informed that subscription period for right issue will be from 27.09.09 to 26.10.09. Record date for entitlement of rights share: 14.09.09.
- SEC has given consent for issuance of 2,07,00,000 right shares of Tk. 10.00 each at an issue price of Tk. 15.00 per shar
SEC has given consent for issuance of 2,07,00,000 right shares of Tk. 10.00 each at an issue price of Tk. 15.00 per share (including premium of Tk. 5.00 each) amounting Tk. 31,05,00,000.00 only at a ratio of 3R:1 (three right shares for one existing share).
- SEC has informed that the Commission is unable to consider the Right Issue application of Metro Spinning Ltd. as per sec
SEC has informed that the Commission is unable to consider the Right Issue application of Metro Spinning Ltd. as per section 3 (f) of the Securities and Exchange Commission (Right Issue) Rules 2006 as one of the Directors namely Mr. Showkat Ali is a loan defaulter as per CIB database of Bangladesh Bank.
- Maksons Spinning Mills Limited (where 06 (six) Sponsors/Directors of Maksons Spinning Mills Limited are also the Sponsor
Maksons Spinning Mills Limited (where 06 (six) Sponsors/Directors of Maksons Spinning Mills Limited are also the Sponsors /Directors of Metro Spinning Limited), has further reported that it has completed its purchase of 1,00,000 shares of the company at prevailing market price through Stock Exchange as announced earlier.
- (Continuation of news of Metro Spinning Ltd.): the fund of which to be collected from capital market by way of Private P
(Continuation of news of Metro Spinning Ltd.): the fund of which to be collected from capital market by way of Private Placement, Repeat Public Offer, Right Share Offer, Issuance of Convertible/Non-Convertible Preference share or bonds, or by availing additional bank loan and lease finance which ever is seems to be convenient subject to approval of SEC and competent authority. The Board of Directors agreed to the proposal of shareholders in principle. (End)
The first part of this announcement is missing from the archive. - (Continuation of news of Metro Spinning Ltd.) : 3. the proposal of diversification of product by setting up a 100% expor
(Continuation of news of Metro Spinning Ltd.) : 3. the proposal of diversification of product by setting up a 100% export oriented composite textile unit with modern machinery and technology as an expansion unit of the company by utilizing the proceeds to be collected through Right Issue. 4. Quoting the reference of licenses for Captive Power Generation of Metro Spinning Ltd. and its sister concern being under process of issuance by Bangladesh Energy Regulatory Commission, the shareholder of the company also endorsed the proposal of setting up a power plant as subsidiary of Metro Spinning Ltd. in the name and style of "Metro Power Limited", (Continue)
The first part of this announcement is missing from the archive. - The company has further informed that the following special resolutions/Board decisions have been unanimously approved b
The company has further informed that the following special resolutions/Board decisions have been unanimously approved by the shareholders of the company in the 6th EGM held on 21.05.09: 1. To increase the Authorized Capital of the company from Tk. 10,00,00,000.00 to Tk. 100,00,00,000.00 and to make necessary amendments in the Memorandum and Articles of Association with RJSC, 2. The Right shares issue proposals of 20,700,000 Ordinary shares of Tk. 10.00 each at an issue price of Tk. 15.00 each (including a premium of Tk. 5.00 each) totaling Tk. 31,05,00,000.00 only at a ration 1:3R (Three Right Shares for every One Existing Share), subject to approval SEC. (Continue)
- Normal trading of the shares of the company will resume on 10.05.09 after Record date for EGM.
Normal trading of the shares of the company will resume on 10.05.09 after Record date for EGM.
- Trading of the shares of the company will remain suspended on record date i.e., 07.05.09 for EGM.
Trading of the shares of the company will remain suspended on record date i.e., 07.05.09 for EGM.
- 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 from 04.05.09 to 06.05.09. Trading of the shares of the company will remain suspended on record date i.e., 07.05.09 for EGM.
- (Continuation of news of Metro Spinning Ltd.) The revaluation of land and factory building of the company was conducted
(Continuation of news of Metro Spinning Ltd.) The revaluation of land and factory building of the company was conducted by Emerging Resources Ltd. and 3. The Board has also approved the Audited Accounts for the period ended 31st March 2009 for Right Issue purpose. The company had achieved Net Profit before tax Tk. 2.64 crore, Net Profit after tax Tk. 2.24 crore and EPS Tk. 3.30 for the period (Annualized EPS is Tk. 4.40). Total fixed asset of the company at the end of the period stands at Tk. 85.30 crore and NAV Per Share is Tk. 78.51.
The first part of this announcement is missing from the archive. - The company has informed that the Board of Directors of the company has taken the following decisions: 1. To hold 6th EG
The company has informed that the Board of Directors of the company has taken the following decisions: 1. To hold 6th EGM on 21.05.09 at 11:00 AM at Spectra Convention Centre, Gulshan-1, Dhaka. The Record date of EGM will be 07.05.09.2.The Board of Directors has accepted the revaluation of land and factory building of the company which has been revalued land from Tk. 5,13,69,790.00 to Tk. 36,76,62,500 and factory building from Tk. 7,26,93,423 to Tk. 16,82,80,400.00 thus total fixed assets increased from Tk. 44,11,94,323.00 to Tk. 85,30,74,010.00 as on 31st March 2009 i.e. increased by Tk. 41,18,79,687.00 in total .The above-revalued surplus amount has been included in the Balance Sheet for the period ended 31st March 2009 that date. (Continue)
- Maksons Spinning Mills Limited (where 06 (six) Sponsors/Directors of Maksons Spinning Mills Limited are also the Sponsor
Maksons Spinning Mills Limited (where 06 (six) Sponsors/Directors of Maksons Spinning Mills Limited are also the Sponsor /Director of Metro Spinning Limited), has reported its intention to buy 1,00,000 shares of the company at prevailing market price through Stock Exchange within next 30 working days.
- Al Haj Abdul Ali, one of the Sponsors/Directors of the company, has further reported that he has completed his sale of 8
Al Haj Abdul Ali, one of the Sponsors/Directors of the company, has further reported that he has completed his sale of 89,865 shares of the company at prevailing market price through Stock Exchange as announced earlier.
- Mr. Mohd. Showkot Ali, one of the Sponsors of the company, has further reported that he has completed his sale of 40,500
Mr. Mohd. Showkot Ali, one of the Sponsors of the company, has further reported that he has completed his sale of 40,500 shares of the company at prevailing market price through Stock Exchange as announced earlier.
- Mr. Mohd. Ferdous Kawser Masud, Mrs. Laila Ali, Mr. Abdul Hoque, Mr. Mohammad Ali Khokon, Ms. Hurer Nahar Ali and Mr. Am
Mr. Mohd. Ferdous Kawser Masud, Mrs. Laila Ali, Mr. Abdul Hoque, Mr. Mohammad Ali Khokon, Ms. Hurer Nahar Ali and Mr. Amzad Ali Badal all are Sponsors/Directors of the company, have further reported that they have completed their sale of 80,460 shares, 89,925 shares, 3,45,750 shares, 89,925 shares, 3,975 shares and 9,600 shares respectively of the company at prevailing market price through Stock Exchange as announced earlier.
- The Board of Directors has decided the following issues: 1. To increase the Authorize Capital of the company from Tk. 10
The Board of Directors has decided the following issues: 1. To increase the Authorize Capital of the company from Tk. 10,00,00,000.00 to Tk. 100,00,00,000.00 by amendment in the Memorandum and Articles of Association, subject to approval of EGM and competent authority. 2. To issue Right Share 1:3R (Three Right Shares for every One Existing Share) at a premium of Tk. 5.00 each, subject to approval of EGM and SEC. 3. To setup a 100% export oriented composite textile unit with modern machinery and technology to increase turnover as well as profit substantially. 4. The date, time, venue and record date of EGM to be notified later.
- Mr. Mohd. Ferdous Kawser Masud, Mrs. Laila Ali, Mr. Abdul Hoque, Mr. Mohammad Ali Khokon, Ms. Hurer Nahar Ali, Mr. Amzad
Mr. Mohd. Ferdous Kawser Masud, Mrs. Laila Ali, Mr. Abdul Hoque, Mr. Mohammad Ali Khokon, Ms. Hurer Nahar Ali, Mr. Amzad Ali Badal and Al Haj Abdul Ali, all are Sponsors/Directors of the company, have reported their intention to sell 80,460 shares, 89,925 shares 3,45,750 shares, 89,925 shares 3,975 shares, 9,600 shares and 89,865 shares out of their total holdings of 6,16,860 shares, 6,89,425 shares, 3,50,750 shares, 6,89,425 shares, 30,475 shares, 73,600 shares and 6,88,965 shares respectively of the company at prevailing market price through Stock Exchange within next 30 working days.
- Mr. Mohd. Showkot Ali, one of the Sponsors of the company, has reported his intention to sell 40,500 shares out of his t
Mr. Mohd. Showkot Ali, one of the Sponsors of the company, has reported his intention to sell 40,500 shares out of his total holdings of 3,10,500 shares of the company at prevailing market price through Stock Exchange within next 30 working days.
- In response to a DSE query, the company has informed that there is no undisclosed price sensitive information of the com
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.
- In response to a DSE query, the company has informed that there is no undisclosed price sensitive information of the com
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.
- As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 5.53 m. with dil
As per un-audited half yearly accounts as on 31.12.08, the Company has reported profit after tax of Tk. 5.53 m. with diluted EPS of Tk. 0.81 as against last year's half yearly of Tk. 4.61 m. and Tk. 0.67 (restated) respectively.
- The company has informed that it has credited 3,77,250 bonus shares to the respective shareholder's BO Account against 2
The company has informed that it has credited 3,77,250 bonus shares to the respective shareholder's BO Account against 25,15,000 shares for the year 2007-2008. The company has also informed that 5,22,750 bonus shares are credited to the company's suspense BO account against 34,85,000 shares as these shares are not yet demated.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.