The trading of Maksons Spinning Mills Limited and National Housing Finance and Investment Limited will begin tomorrow (Thursday) on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).
The Dhaka Stock Exchange (DSE) board in a recent meeting approved the listing of the companies and fixed the date of debut trading.
DSE Trading Code for the National Housing Finance and Investment Limited is "NHFIL" and DSE company code is 20623, while DSE Trading Code for Maksons Spinning Mills Limited is "MAKSONSPIN" and DSE company code is 17448.
The Maksons Spinning floated eight million ordinary shares with the face value Tk 10 each raising Tk 80 million from the stock market.
The company will be the first textile issue in the last six years when Metro Spinning got listed on the stock exchanges in 2002.
Metro Spinning will be the 40th listed issue in the textile sector of DSE.
The raised fund from initial public offering will be used for loan repayment of Maksons Spinning to the Southeast Bank Limited.
The paid-up capital of the company is Tk 340 million as of April 26, 2008.
Subscription for ordinary shares allotment of Maksons Spinning Mills Limited opened on October 12, and closed on October 16 for the resident Bangladeshis and on October 25 for non-resident Bangladeshis.
The National Housing Finance and Investment Limited floated 0.50 million ordinary shares with the face value Tk 100 each raising Tk 50 million from the stock market. The pre-IPO paid up capital is Tk 400 million as of December 31, 2007.
Subscription for ordinary shares allotment of the National Housing and Finance Limited opened on October 5 and closed on October 9 for the resident Bangladeshis and on October 18 for non-resident Bangladeshis.
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