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BXSYNTH

All Eps Dividend Board Agm Q1 Q2 Q3

BXSYNTH 07-Oct-2020

BSEC News: Referring to the earlier news disseminated on 08.09.2020 regarding Suspension of trading of the shares of BXSYNTH as per BSEC Directive, the trading of the shares has been further suspended for 15 days effective from October 08, 2020 as per BSEC Directive No. BSEC/SRMIC/174-2020/52 dated September 07, 2020 under Section 9(7) of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969) subject to the compliance of Section 9(8) of this Ordinance.

BXSYNTH 22-Sep-2020

(Disregard News): BSEC News: Referring to the earlier news disseminated on 08.09.2020 regarding Suspension of trading of the shares of BXSYNTH as per BSEC Directive, the trading of the shares has been further suspended for 15 days effective from September 23, 2020 as per BSEC Directive No. BSEC/SRMIC/174-2020/52 dated September 07, 2020 under Section 9(7) of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969) subject to the compliance of Section 9(8) of this Ordinance.

BXSYNTH 22-Sep-2020

BSEC News: Referring to the earlier news disseminated on 08.09.2020 regarding Suspension of trading of the shares of BXSYNTH as per BSEC Directive, the trading of the shares has been further suspended for 15 days effective from September 23, 2020 as per BSEC Directive No. BSEC/SRMIC/174-2020/52 dated September 07, 2020 under Section 9(7) of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969) subject to the compliance of Section 9(8) of this Ordinance.

BXSYNTH 08-Sep-2020

(Continuation news of BXSYNTH): their dues as per law. Under these circumstances, although it is extremely painful but having no other option, the Board of Directors feel that the company should delist itself from the DSE and CSE. Since there are no clear rules for a company to delist from the stock exchanges, the company has written to Bangladesh Securities Exchange Commission for guidance in this matter. (end)

BXSYNTH 08-Sep-2020

(Continuation news of BXSYNTH): Unfortunately, despite its best efforts, the company could not maintain targeted production and profitability during last seven years which resulted in the company accumulating huge losses. This has resulted in the shares of the company being traded below face below for a number of years. Finally, the company was forced to cease production and to close down the plant. It retrenched all the workers and most of the officers and staffs after paying all (cont. 3)

BXSYNTH 08-Sep-2020

(Continuation news of BXSYNTH): and regularly declared dividend from 1996 to 2013 for eighteen years without any interruption. However, since 2013, it could not declare any dividend as the company passed through extremely difficult time since smooth business operations were hampered again and again due to the reduction of duties on imported DTY by the Government resulting in cheap imported foreign DTY taking over the market and making the production of this type of yarn in Bangladesh unviable. (cont. 2)

BXSYNTH 08-Sep-2020

The company has informed that it was incorporated with RJSC on 18th July 1990 as a public Limited company for production and sales of Drawn Texturizing Yarn (DTY) which is a type of polyester yarn. The company was listed with DSE and CSE on 4th November 1993 and 6th November 1995 respectively. Since its establishment, the company operated in a single product market segment viz DTY. However, since there was sizable demand for DTY the company made good profit (cont. 1)

BXSYNTH 08-Sep-2020

BSEC News: The trading of the shares of Beximco Synthetics Ltd. has been suspended from today, September 08, 2020 for the interest of the investors, securities market as per BSEC Directive No. BSEC/SRMIC/174-2020/52 dated September 07, 2020 under Section 9(7) of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969) subject to the compliance of Section 9(8) of this Ordinance.

BXSYNTH 23-Aug-2020

In response to a DSE query dated August 20, 2020, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.

BXSYNTH 23-Jun-2020

(Q3 Un-audited): EPS was Tk. (0.65) for January-March 2020 as against Tk. (0.81) for January-March 2019; EPS was Tk. (2.05) for July 2019-March 2020 as against Tk. (2.53) for July 2018-March 2019. NOCFPS was Tk. 1.78 for July 2019-March 2020 as against Tk. 0.09 for July 2018-March 2019. NAV per share was Tk. 12.09 as on March 31, 2020 and Tk. 14.13 as on June 30, 2019.

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