News Clippings

19 November 2019

Contents Section 1 : Bangla News, Page-02 Section 2 : English News, Page-41 Section 3 : Foreign News, Page-59

Circulated to: DSE Readers

Dhaka Stock Exchange Limited News Clippings

Section 1 : Bangla News

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Daily 19 November 2019

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Daily Prothom Alo 19 November 2019

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Daily Bonik Barta 19 November 2019

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Daily Bonik Barta 19 November 2019

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Daily Bonik Barta 19 November 2019

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Daily Bonik Barta 19 November 2019

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Daily 19 November 2019

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Daily Samakal 19 November 2019

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Daily Samakal 19 November 2019

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Daily Samakal 19 November 2019

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Daily Nayadiganta 19 November 2019

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Daily 19 November 2019

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Daily Jugantor 19 November 2019

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Daily Janakantha 19 November 2019

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Daily Janakantha 19 November 2019

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Daily Janakantha 19 November 2019

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Daily Kaler Kantha 19 November 2019

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Daily Ittefaq 19 November 2019

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Daily 19 November 2019

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Daily Amader Shomoy 19 November 2019

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Daily Jai Jai Din 19 November 2019

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Daily Jai Jai Din 19 November 2019

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Daily Sangbad 19 November 2019

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Daily Sangbad 19 November 2019

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Daily Bhorer Kagaj 19 November 2019

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Daily Share Biz 19 November 2019

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Daily Share Biz 19 November 2019

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Daily Share Biz 19 November 2019

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Alokito 19 November 2019

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Daily Manobkantha 19 November 2019

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Bangladesher Khabor 19 November 2019

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Amar Sangbad 19 November 2019

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Desh Rupantor 19 November 2019

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Section 2 : English News

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The Financial Express 19 November 2019

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The Financial Express 19 November 2019

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The Financial Express 18 November 2019

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The Financial Express 17 November 2019

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The Daily Star 19 November 2019

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The Daily Star 17 November 2019

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Daily 19 November 2019

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Daily New Age 19 November 2019

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Daily New Age 18 November 2019

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Daily New Age 18 November 2019

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Daily New Age 18 November 2019

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Dhaka Tribune 19 November 2019

BSEC asks Shepherd Industries not to buy sister concern's shares

Niaz Mahmud  Published at 12:33 am November 19th, 2019

Bangladesh Securities and Exchange Commission (BSEC) building in Agargaon Dhaka Syed Zakir Hossain/

The regulator in its observation said the move to buy shares of their own company in exchange of the listed company’s asset would benefit only the two individuals

buy shares of its sister concern, Shepherd Jeans Ltd, which it says will violate securities rules.

The Bangladesh Securities and Exchange Commission (BSEC) on November 14 issued a directive asking Shepherd Industries Chairman Chung Wen Kuei and its managing director Kao Wen Fu to refrain from buying their sister company’s shares.

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Earlier, on October 24, the board of directors of Shepherd Industries decided to buy 1.55 crore shares — each priced at Tk10 — of Shepherd Jeans. The share price was fixed considering the lands, buildings, and machinery of Shepherd Jeans.

The regulator in its observation said the move to buy shares of their own company in exchange of the listed company’s asset would benefit only the two individuals.

It said that the TIN, trade licence, VAT registration number, fire licence number and environment clearance certificate of Shepherd Jeans Limited, incorporated on April this year, were still under process.

Shepherd Industries Chief Financial Officer Ataur Rahman told Dhaka Tribune: “We are going to buy the asset according to the law. Now, since the Commission has banned, we will refrain from purchasing it."

Shepherd Industries was listed with the Dhaka Stock Exchange in 2017 with paid-up capital of Tk136 crore and authorized capital of Tk190 crore. Each share of the company closed at Tk33.10 yesterday at the DSE.

The sponsor-directors of the Shepherd Industries Limited hold 51.48% stake in the company, while institutional investors hold18.49%, foreign investors 19.84% and general investors 10.19% shares of the company.

The company's four shareholders directors are Chung Wen Kuei, Kao Wen Fu, representative of Eternal Flame Int’l Co. Inc Yang Ming Te and representative of Ever Priority Limited Lin Chih-Wen.

All directors are from Taiwan. Chung Wen Kuei is chairman of the Shepherd Industries. He hold 1,320,000 shares of this company.

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Section 3 : Foreign News

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Daily Prothom Alo 19 November 2019

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Amader Orthoneeti 19 November 2019

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The 19 November 2019

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Daily Observer 19 November 2019

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