Walton Sponsors SM Rezaul to Sell 3 Lakh Shares

Industry: Electronics, Stock Market
Company: Walton Group
Company Intelligence Tag: Business Insights

SM Rezaul Alam, a sponsoring director of Walton Hi-Tech Industries plans to sell three lakh shares to increase the company’s free-float shares to the required 10%. Currently, Walton’s free float shares stand at only 1.10% of its total shares. The Bangladesh Securities and Exchange Commission directed the company to ensure a minimum 10% free float within a year. Despite efforts by directors to sell shares, only around 2.63 lakh shares were sold out of the planned 6.75 lakh shares.

Source for more details:

Related News

Stocks Rebound After Hitting Five-Year Low

May 21, 2025

On May 20, 2025, Bangladesh’s stock market rebounded from a five-year low as bargain hunters capitalized on undervalued shares. The DSEX rose 13 points (0.28%) to 4,789 in the first hour of trading. Blue-chip and Shariah indices also posted gains.

Tk2000 Crore Raised By 24 Firms Now In Z And B Categories

April 24, 2025

Over the past seven years, 56 companies raised Tk5,178 crore through IPOs in Bangladesh, but 24 of them—collectively raising over Tk2,000 crore—have been downgraded to the Z and B categories due to poor financial performance.

Singer Expands Operations with New Plant in BSEZ

March 17, 2025

Singer Bangladesh has opened a new home appliances plant in the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj, as part of its expansion strategy to boost local manufacturing. The project, approved by the board on March 30, 2022, involved an investment of Tk 603.89 crore, with Tk 580.33 crore allocated for machinery and plant construction.

Consumer Uncertainty Impacts Electronics Sales

March 16, 2025

Bangladesh's electronics sector faces challenges due to inflation, currency devaluation, and reduced consumer spending. An 11% taka devaluation increased import costs, impacting prices. Consumer uncertainty, political unrest, and LC issues disrupted supply chains.

DSEX Falls 0.56% to 5,174 Amid BSEC Tension

March 10, 2025

The Dhaka Stock Exchange (DSE) saw a significant decline on Sunday, with the DSEX index falling nearly 30 points, or 0.56%, to 5,174, marking its lowest level since February 10. This drop was driven by investor unease following tensions within the Bangladesh Securities and Exchange Commission (BSEC) over the forced retirement of an executive director.

Singer Begins Production in BSEZ With $78M Investment

February 26, 2025

Singer Bangladesh has begun commercial production at its new plant in the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj, following a $78 million investment from Arcelik. The facility, covering 35 acres, will locally manufacture over 90% of components, reducing import dependence.

Related News

Stocks Rebound After Hitting Five-Year Low

May 21, 2025

On May 20, 2025, Bangladesh’s stock market rebounded from a five-year low as bargain hunters capitalized on undervalued shares. The DSEX rose 13 points (0.28%) to 4,789 in the first hour of trading. Blue-chip and Shariah indices also posted gains.

Tk2000 Crore Raised By 24 Firms Now In Z And B Categories

April 24, 2025

Over the past seven years, 56 companies raised Tk5,178 crore through IPOs in Bangladesh, but 24 of them—collectively raising over Tk2,000 crore—have been downgraded to the Z and B categories due to poor financial performance.

Singer Expands Operations with New Plant in BSEZ

March 17, 2025

Singer Bangladesh has opened a new home appliances plant in the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj, as part of its expansion strategy to boost local manufacturing. The project, approved by the board on March 30, 2022, involved an investment of Tk 603.89 crore, with Tk 580.33 crore allocated for machinery and plant construction.

Consumer Uncertainty Impacts Electronics Sales

March 16, 2025

Bangladesh's electronics sector faces challenges due to inflation, currency devaluation, and reduced consumer spending. An 11% taka devaluation increased import costs, impacting prices. Consumer uncertainty, political unrest, and LC issues disrupted supply chains.

DSEX Falls 0.56% to 5,174 Amid BSEC Tension

March 10, 2025

The Dhaka Stock Exchange (DSE) saw a significant decline on Sunday, with the DSEX index falling nearly 30 points, or 0.56%, to 5,174, marking its lowest level since February 10. This drop was driven by investor unease following tensions within the Bangladesh Securities and Exchange Commission (BSEC) over the forced retirement of an executive director.

Singer Begins Production in BSEZ With $78M Investment

February 26, 2025

Singer Bangladesh has begun commercial production at its new plant in the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj, following a $78 million investment from Arcelik. The facility, covering 35 acres, will locally manufacture over 90% of components, reducing import dependence.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here