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

Market Growth Stifled by Provisioning Gaps and Bad Debt

December 23, 2024

Writing off bad debts behind negative equity is crucial to resolving a decade-long issue affecting market growth. Despite repeated time extensions, market intermediaries have failed to meet provisioning requirements against unrealized losses in margin accounts.

Padma Bank Requests Tk 1,300 Crore Bailout

December 21, 2024

Padma Bank, facing severe financial difficulties, has requested Tk 1,300 crore in liquidity support from Bangladesh Bank to repay depositors. The bank's CEO, Kazi Md Talha, stated that the application for support was made last week, but no response has been received yet.

ACC to Probe Salman F Rahman and Ex-IFIC Bank MD for Loan Fraud

December 21, 2024

The Anti-Corruption Commission (ACC) is investigating Salman F Rahman, former adviser to the PM, and Shah Alam Sarwar, former MD of IFIC Bank, for their involvement in a loan scam totaling Tk 19.07 billion. Allegations include abuse of power, irregularities, and loan disbursements without proper competition, with funds misused for five companies.

Bangladesh Aims to Renegotiate Power Deal with Adani

December 21, 2024

Bangladesh's interim government accuses Adani Power of breaching a 2017 power deal by withholding tax benefits from its Godda plant, which supplies energy to Bangladesh at significantly higher costs than similar deals.

Trust Bank to Invest Tk 312.5 Million in MFS Expansion

December 21, 2024
Trust Bank plans to expand its mobile financial service (MFS), Trust Axiata Pay (TAP), to capture a larger market share, according to a stock exchange filing. Despite TAP's small market share, the bank aims to grow its customer base nationwide.

AFC Foresees Positive Momentum for BD Stocks in Late 2025

December 19, 2024

Global fund manager Asia Frontier Capital (AFC) predicts a bullish outlook for Bangladesh's stock market in the second half of 2025, driven by an economic turnaround. Despite a negative return in 2024, Bangladesh's market is expected to rebound due to reforms and declining interest rates.

Related News

Market Growth Stifled by Provisioning Gaps and Bad Debt

December 23, 2024

Writing off bad debts behind negative equity is crucial to resolving a decade-long issue affecting market growth. Despite repeated time extensions, market intermediaries have failed to meet provisioning requirements against unrealized losses in margin accounts.

Padma Bank Requests Tk 1,300 Crore Bailout

December 21, 2024

Padma Bank, facing severe financial difficulties, has requested Tk 1,300 crore in liquidity support from Bangladesh Bank to repay depositors. The bank's CEO, Kazi Md Talha, stated that the application for support was made last week, but no response has been received yet.

ACC to Probe Salman F Rahman and Ex-IFIC Bank MD for Loan Fraud

December 21, 2024

The Anti-Corruption Commission (ACC) is investigating Salman F Rahman, former adviser to the PM, and Shah Alam Sarwar, former MD of IFIC Bank, for their involvement in a loan scam totaling Tk 19.07 billion. Allegations include abuse of power, irregularities, and loan disbursements without proper competition, with funds misused for five companies.

Bangladesh Aims to Renegotiate Power Deal with Adani

December 21, 2024

Bangladesh's interim government accuses Adani Power of breaching a 2017 power deal by withholding tax benefits from its Godda plant, which supplies energy to Bangladesh at significantly higher costs than similar deals.

Trust Bank to Invest Tk 312.5 Million in MFS Expansion

December 21, 2024
Trust Bank plans to expand its mobile financial service (MFS), Trust Axiata Pay (TAP), to capture a larger market share, according to a stock exchange filing. Despite TAP's small market share, the bank aims to grow its customer base nationwide.

AFC Foresees Positive Momentum for BD Stocks in Late 2025

December 19, 2024

Global fund manager Asia Frontier Capital (AFC) predicts a bullish outlook for Bangladesh's stock market in the second half of 2025, driven by an economic turnaround. Despite a negative return in 2024, Bangladesh's market is expected to rebound due to reforms and declining interest rates.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here