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GBBPOWER

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GBBPOWER 10-Dec-2019

Alpha Credit Rating Limited (AlphaRating) has rated the Company as "AA" in the long term and "ST-1" in the short term along with a stable outlook based on audited financial statements of the Company up to June 30, 2019 and relevant qualitative information up to December 09, 2019.

GBBPOWER 03-Dec-2019

Trading of the Shares of the Company will resume on 04.12.2019 after record date.

GBBPOWER 02-Dec-2019

Trading of the shares of the Company will remain suspended on record date i.e., 03.12.2019.

GBBPOWER 01-Dec-2019

(Continuation news of GBBPOWER): The Company also informed that Board of Directors also decided to purchase Commercial floor space measuring 3180 sft. (lncluding common area and four car parking spaces in the basement) at the building Momtaz Plaza (5th floor) situated on Mirpur Road, Dhanmondi, Dhaka, totaling Tk. 6.50 crore excluding registration & other cost for the company's permanent use. (end)

GBBPOWER 01-Dec-2019

The Company has informed that the Board of Directors has decided to invest in 49% Equity Shares of "GBB Tea Estate Limited", a newly formed company, which initially plans to purchase 150 to 200 acres of land in Omarpur Mouza, Panchagarh Sadar, Panchagarh District, to carry on the business of tea cultivation. Estimating amount of investment is Tk. 15.00 crore to Tk. 20.00 crore (cont.)

GBBPOWER 24-Nov-2019

Continuation news of GBBPOWER): all that was necessary as per notification of award of "Supply Installation and Putting in Commercial Operation of 20MW +/- 10% Trailer/ Skid Mounted Power Plant at Bogra on rental basis for a tenure of 15 year Project which will be ended in 17 June 2023" issued by Bangladesh Power Development Board vide Memo No. 108-BPDB (CS.)/(Contract)/Bogra Rental/06 dated 03.08.2006 and 15.08.2006 respectively. (end)

GBBPOWER 24-Nov-2019

Going Concern: We draw attention to page no. 10 note "B" to the financial statements describe the events or matters that may cast significant doubt on the Company's ability to continue as going concern. Our opinion is not modified in respect of this event or matter. Page no. 10 note ?B?: The company implemented the Joint Venture Agreement executed between GBB Limited and Caladonian Power Limited and has done (cont. 1)

GBBPOWER 19-Nov-2019

Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 20.11.2019 to 02.12.2019. Trading of the shares of the Company will remain suspended on record date i.e., 03.12.2019.

GBBPOWER 18-Nov-2019

(Continuation news of GBBPOWER): on HHV by PGCL amounting to Tk. 14,70,52,080.00 has been completely paid by GBB Power Limited on September 23, 2019 as per PGCL confirmed office letter No. 28.18.0000.084.34.008.19.32, dated: November 07, 2019. Hence, the Company is anticipating that, effective immediately there will be no more negative impact in their Cash flows. (end)

GBBPOWER 18-Nov-2019

With reference to their earlier news disseminated by DSE on 04.02.2018 regarding Dispose of the Litigation between the Company & PGCL and its impact, the Company has further informed that the Claim as per the order of the Arbitral Tribunal No. 28.01.0000.016.31.24.13.226 dated January 10, 2018, which was duly approved by the Bangladesh Energy Regulatory Commission (BERC) (cont.)

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