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KPPL

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KPPL 03-Jan-2017

(Continuous news of KPPL): and the decision of the office of the Hon'ble Prime Minister, the NBR & Customs authority neither releases the goods nor renews the Bond license and the company incurred huge financial losses due to non co-operation & disobey the order of the court by NBR and Customs. In view of the above situation, the company has no other alternative way but to temporarily stop the production due to shortage of raw materials and the reasons mentioned above". (end)

KPPL 03-Jan-2017

(Continuous news of KPPL): The mentioned entire raw materials are losing its quality gradually. The customs authority against the dated Judgment and Order dated 27.01.2016 moved before the appellate division of the Supreme Court by filling a civil petition for leave to appeal no. 660 of 2016 and the appellate division by a Judgment and order dated 24.07.2016 affirmed the order of the High Court Division. In spite of order of the High Court Division as well as appellate Division (cont.3)

KPPL 03-Jan-2017

(Continuous news of KPPL): (by filing a writ petition No. 11277 of 2015) and the High Court Division (by a Judgment and order dated 27.01.2016) declared that the said decision of the customs authority is illegal and without lawful authority and also directed the customs authority to released the imported goods (approximate value of Tk. 24.00 crore) and the raw materials in stock in the Bond warehouse (amounting To Tk. 53.00 crore). (cont.2)

KPPL 03-Jan-2017

The Company has informed that the Board of Directors in its meeting held on 02.01.2017 decided to stop production temporarily until the situation improves. The company mentioned the reasons as follows: "Due to non co-operation of NBR and suspension of bond license and Bin Lock by Customs authority (by a decision dated 26.08.2015), the company challenged the same with a prayer for release the raw materials of the company lying in the Chittagong Port before Hon'ble High Court Division (cont.1)

KPPL 23-Nov-2016

Trading of the shares of the Company will resume on 24.11.2016 after record date.

KPPL 22-Nov-2016

Trading of the shares of the Company will remain suspended on record date i.e., 23.11.2016.

KPPL 15-Nov-2016

(Q1 Un-audited): EPS was Tk. (0.06) for July-September, 2016 as against Tk. 0.16 for July-September, 2015; NOCFPS was Tk. 0.15 for July-September, 2016 as against Tk. (0.79) for July-September, 2015. NAV per share with revaluation surplus was Tk. 17.05 as of September 30, 2016 and Tk. 17.12 as of June 30, 2016. NAV per share without revaluation surplus was Tk. 14.97 as of September 30, 2016 and Tk. 15.01 as of June 30, 2016.

KPPL 09-Nov-2016

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 from 10.11.2016 to 22.11.2016. Trading of the shares of the Company will remain suspended on record date i.e., 23.11.2016.

KPPL 09-Nov-2016

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 November 14, 2016 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2016.

KPPL 30-Oct-2016

There will be no price limit on the trading of the shares of the Company today (30.10.2016) following its corporate declaration.

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