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Walton’s Sponsor Director Announces Sale of 1.5 Lakh Shares for Market Compliance

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Walton

Walton Hi-Tech Industries Ltd’s sponsor Director, SM Ashraful Alam, has announced plans to sell 1.5 lakh shares from his holdings in the block market of the Dhaka Stock Exchange (DSE) within the next 30 days. Currently possessing 65,855,111 shares in the company, he will sell the specified shares at the prevailing market price, as disclosed on the DSE on Sunday (14 January).

The decision to divest shares aligns with the directives of securities regulators, aiming to increase free float shares to 10% in the stock market. Presently, Walton’s free float shares represent only 1.01% of the total shares.

In response to a directive from the Bangladesh Securities and Exchange Commission (BSEC), sponsors and directors of companies, including Walton Hi-Tech Industries, were given three years to ensure a minimum of 10% free-float shares. Free-float shares are those held by external shareholders who can trade company stocks without prior declaration.

On September 12, 2021, the BSEC directed Walton Hi-Tech Industries, Berger Paints Bangladesh Ltd, and the Investment Corporation of Bangladesh (ICB) to achieve the 10% free-float shares target within a year through the offloading of sponsor-held shares.

As of Sunday, Walton’s share price remained at Tk1,047.70 each on the DSE.

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Heidelberg Cement Discloses their Q3 Financials

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Heidelberg Cement

One of the listed companies,Heidelberg Cement Bangladesh Limited discloses its financial reports for the first quarter, (January – March 24).

The company’s earnings per share (EPS) was Tk 6.96 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 6.85 paisa during the same period last year. NAV per share was Tk. 74.16 as of March 31, 2024.

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Matin Spinning Reports Impressive EPS Growth in Q3

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Matin Spinning

One of the listed companies, Matin Spinning Mills PLC discloses its financial reports for the third quarter, (January – March 24).

The company’s earnings per share (EPS) was Tk 0.98 paisa in Q3 of the current financial year (January – March 24). EPS was Tk 0.11 paisa during the same period last year. NAV per share  (with revaluation reserves) was Tk. 57.19 as on March 31, 2024.

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EPS hikes for Prime Bank in Q1

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Prime Bank

One of the listed companies, Prime Bank PLC discloses its financial reports for the first quarter, (January – March 24).

The company’s Consolidated earnings per share (EPS) was Tk 1.16 paisa in Q1 of the current financial year (January – March 24). Consolidated EPS was Tk 0.92 paisa during the same period last year. Consolidated NAV per share was Tk. 31.93 as of March 31, 2024.

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