The stare-run two companies - Shyampur Sugar Mills Limited and Zeal Bangla Sugar Mills Limited’ share price soaring without any price sensitive information (PSI).
Within last one month, the Shyampur Sugar’s share price jumped more than 119 per cent or Tk 31.20 each to close at Tk 57.40 on Tuesday. The company’s share price was Tk 26.20 a month ago on November 14.
On the other hand, Zeal Bangla Sugar’s share price soared more than 42 per cent or Tk 23.60 each within one month to close at Tk 80.80 on Tuesday. The company’s share price was Tk 57.20 a month ago on November 14.
Following the recent abnormal price hike of these two “Z” category companies, the Dhaka Stock Exchange (DSE) served show-cause notice on these companies.
However, both companies informed the DSE today (Wednesday) that there is no undisclosed price sensitive information for recent unusual price hike of their shares.
Shyampur Sugar Mills, which was listed on the Dhaka bourse in 1996, did not pay dividend over the years.
The company’s paid-up capital is Tk 50 million and authorised capital is Tk 500 million, while the total number of securities is 5.0 million.
The government owns 51 per cent stake in Shyampur Sugar while the institutional investors own 1.0 per cent and the general public 48 per cent as on November 30, 2017, the DSE data shows.
Zeal Bangla Sugar Mills, which was listed on the Dhaka bourse in 1988, also did not pay dividend over the years.
The company’s paid-up capital is Tk 60 million and authorised capital is Tk 500 million, while the total number of securities is 6.0 million.
The sponsor-directors own 1.82 per cent stake of Zeal Bangla Sugar while government owns 51 per cent, the institutional investors 0.02 per cent and the general public 47.16 per cent as on November 30, 2017, the DSE data shows.
babulfexpress@gmail.com