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HAMI

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HAMI 28-Mar-2017

(continuation news of IMAMBUTTON): as per Rule 9 of the Bonded Warehouse Licensing Rules, 2008 and clauses No. 1, 14, 51, 51(A), 62 and 90 of table of Section 156(1) of The Customs Act, 1969. The Company is instructed to deposit total Tk. 12,43,834.39 (Tk. 4,43,834.39 as Evaded customs duty and Tk. 8,00,000.00 as Imposed Penalty) to the Government Treasury through Treasury chalan within 15 days of issuing this Order. (end)

HAMI 28-Mar-2017

Customs Bond Commissionerate, Chittagong of the Peoples Republic of Bangladesh vide its Order dated 21.03.2017 has instructed Imam Button Industries Ltd. to deposit Tk. 4,43,834.39 (as Evaded customs duty) to the Treasury as the complaint of customs duty evasion against the company has been proved and established. The Company has made clear violation of Sections 32, 97, 98, 104 of The Customs Act, 1969. As a result, Financial Penalty of Tk. 8,00,000.00 has been imposed on the Company (cont.)

HAMI 31-Jan-2017

(Q2 Un-audited): EPS was Tk. (0.31) for October-December, 2016 as against Tk. (0.33) for October-December, 2015; EPS was Tk. (0.55) for July-December, 2016 as against EPS was Tk. (0.69) for July-December, 2015. NOCFPS was Tk. 0.13 for July-December, 2016 as against Tk. (0.16) for July-December, 2015. NAV per share was Tk. 7.75 as of December 31, 2016 and Tk. 8.30 as of June 30, 2016.

HAMI 25-Jan-2017

As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on January 31, 2017 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2016.

HAMI 29-Dec-2016

In response to a DSE query dated December 28, 2016, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.

HAMI 26-Dec-2016

BSEC NEWS: Bangladesh Securities and Exchange Commission (BSEC) has formed an enquiry committee to investigate into unusual price increase in shares of Imam Button Industries Limited in the Stock Exchanges (BSEC Order No. BSEC/Surveillance/2010-0713/772 dated December 22, 2016).

HAMI 12-Dec-2016

(continuation news of IMAMBUTTON): Due to such poor current ratio the company may be unable to pay its debt when they fall due. 6. Considering the above observations 1 to 5 in Basis of Qualification Paragraph there has significant doubt of survival the company as Going Concern for foreseeable future. (end)

HAMI 12-Dec-2016

(continuation news of IMAMBUTTON): that effectively produces Retained Loss of Tk. 16,982,017 at reporting date. The main reason for recurring loss is under utilization of production capacity. 3. No deferred tax provision was made in the Financial Statements of the Company as required by BAS 12 Income Tax. 4. The company does not recognize any foreign currency realization gain or loss though it has foreign currency transaction. 5. The current ratio of the company stood 0.71 at reporting date. (cont. 2)

HAMI 12-Dec-2016

The auditor of the company has given the following qualified opinion in the audit report of the company prepared for the year ended on 30 June 2016: Basis for Qualification: 1. We have observed that the company has been able to utilize 23% only of its production capacity during the year under audit. The under utilization of production capacity due to machine break-down, frequent power failure, failed to locate new buyer and so on. 2. The company is suffering recurring loss (cont. 1)

HAMI 08-Dec-2016

In response to a CSE query dated December 06, 2016, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.

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