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MATINSPINN

All Eps Dividend Board Agm Q1 Q2 Q3

MATINSPINN 01-Jan-2017

(Continuation news of MATINSPINN): and inclusion of the same in Capital Work in Process as on 30 June 2016. These were purchased for Mlange unit using the IPO fund. 3. In note: 42 (i) to the financial statements, management explains the circumstances under which Bangladesh Securities and Exchange Commission (BSEC) imposed penalty on the Directors of the Company. 4. In Note: 42 (ii) to the financial statements, management explains about loan of TK. 300,000,000/= given by the Company (cont.2)

MATINSPINN 01-Jan-2017

The auditor of the company has given the following 'Emphasis of Matter' paragraph in the audit report of the company prepared for the year ended on 30 June 2016. Emphasis of Matter: 1. In Note: 4 to the financial statements, management explains about the use of two diesel generators which were purchased with the fund from IPO proceeds for the Mlange unit of the company. 2. In note: 6.08 to the financial statements, management explains the reasons for non-installation of some items of fixed assets (cont.1)

MATINSPINN 01-Jan-2017

Credit Rating Information and Services Limited (CRISL) has rated the Company as "AA-" in the long term and "ST- 3" in the short term along with a stable outlook based on audited financial statements of the Company up to June 30, 2016, unaudited financials up to September 30, 2016 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

MATINSPINN 20-Dec-2016

(Continuation news of MATINSPINN): 04. Jinnat Knitwears Limited (Minimum: $ 2,60,000 & Maximum: $ 80,00,000), 05. Hamza Textiles Limited (Minimum: $ 2,60,000 & Maximum: $ 35,00,000) and 06. Mawna Fashions Limited (Minimum: $ 2,60,000 & Maximum: $ 10,00,000). (end)

MATINSPINN 20-Dec-2016

(Continuation news of MATINSPINN): the seller and the buyer on one month's written notice. The detail of the companies and annual contract amount in USD is as follows: 01. Flamingo Fashions Limited (Minimum: $ 2,60,000 & Maximum: $ 85,00,000), 02. Jinnat Apparels Limited (Minimum: $ 2,60,000 & Maximum: $ 10,00,000), 03. Jinnat Fashions Limited (Minimum: $ 2,60,000 & Maximum: $ 50,00,000), (cont. 2)

MATINSPINN 20-Dec-2016

The Company has informed that in their 14th AGM held today (20.12.2016), the shareholders of the company have approved 6 contracts for sale of Yarn between Matin Spinning Mills Limited and the following 6 private limited companies under common directorship. The contract will remain valid initially for 24 months, with effect from July 01, 2016 and shall continue unless terminated at any time by both (cont. 1)

MATINSPINN 30-Nov-2016

Trading of the shares of the Company will resume on 01.12.2016 after record date.

MATINSPINN 29-Nov-2016

Trading of the shares of the Company will remain suspended on record date i.e., 30.11.2016.

MATINSPINN 27-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 with cum benefit from 28.11.2016 to 29.11.2016. Trading of the shares of the Company will remain suspended on record date i.e., 30.11.2016.

MATINSPINN 10-Nov-2016

With reference to their earlier news (disseminated by DSE on 26.04.2016) the Company has further informed that the Board of Directors of the Company has decided that partial Commercial Production of synthetic yarn unit in phase-2 of the Company will commence from November 10, 2016.

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