The securities regulator has approved the rights offers of three companies---CMC Kamal, BD Welding and United Commercial Bank Limited (UCBL) officials said.
The approvals came after a board meeting of the Securities and Exchange Commission (SEC) Thursday evening, chaired by SEC Chairman Ziaul Haque Khondker.
As per SEC approval, CMC Kamal and BD Welding will issue two rights shares against one existing share.
The UCBL will issue one right share against one existing share.
The offer price of the rights share of CMC Kamal will be Tk 17.5, including a premium of Tk 7.5.
The rights share of UCBL will be issued at an offer price of Tk 15, including a premium of Tk 5.
On the other hand, BD Welding will issue rights share at an offer price of Tk 10, without taking any premium.
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