Bangladesh Securities and Exchange Commission (BSEC) yesterday fined a non-listed company Tk 1 lakh for raising capital without a regulatory approval.
Premier LP Gas Ltd raised its capital from Tk 9.38 crore to Tk 24.98 crore on June 11, 2001, and from Tk 24.98 crore to Tk 43.62 crore on November 28, 2002.
But the company, in both the cases, did not take any approval from the BSEC which goes against securities rules, according to a statement issued after a meeting of the regulator.
In another move, the BSEC approved the rights offer of Bangladesh Finance and Investment Company Ltd that will issue three rights share for existing five shares at an offer price of Tk 10.
The company will raise Tk 39 crore through 3.9 crore ordinary shares, and will use the proceeds to strengthen its capital base in line with Basel-II.
Premier LP Gas Ltd raised its capital from Tk 9.38 crore to Tk 24.98 crore on June 11, 2001, and from Tk 24.98 crore to Tk 43.62 crore on November 28, 2002.
But the company, in both the cases, did not take any approval from the BSEC which goes against securities rules, according to a statement issued after a meeting of the regulator.
In another move, the BSEC approved the rights offer of Bangladesh Finance and Investment Company Ltd that will issue three rights share for existing five shares at an offer price of Tk 10.
The company will raise Tk 39 crore through 3.9 crore ordinary shares, and will use the proceeds to strengthen its capital base in line with Basel-II.
No comments:
Post a Comment