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SALVOCHEM

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SALVOCHEM 22-Nov-2020

Trading of the shares of the Company will remain suspended on record date i.e., 23.11.2020.

SALVOCHEM 18-Nov-2020

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 19.11.2020 to 22.11.2020. Trading of the shares of the Company will remain suspended on record date i.e., 23.11.2020.

SALVOCHEM 16-Nov-2020

(Continuation news of SALVOCHEM): BSEC/CMRRCD/2009-193/217/Admin/90 dated May 21, 2019. Now, Sponsors of the company jointly hold 22.14% shares of the company. (end)

SALVOCHEM 16-Nov-2020

(Continuation news of SALVOCHEM): on 18.04.2011 and 20.04.2011 respectively. Trading of stocks was started in the both houses since 21 April 2011. The corona virus (COVID-19) pandemic has created major disruptions of our country in the economy and the businesses operations as well as our personal life & wealth. As a result, Directors of our company need extra time to acquire the shortfall 7.86% shares to comply with the BSEC's Notification No. (cont.2)

SALVOCHEM 16-Nov-2020

The auditor of the Salvo Chemical Industry Limited has given the "Emphasis of Matter" paragraph in the Auditor's Report for the year ended on 30 June 2020. Emphasis of Matter: We may draw attention to the fact disclosed in note- 12.00. Note 12- Share capital: Among other issues, the auditor has referred that, The stocks of the company were listed with the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd. (cont.1)

SALVOCHEM 15-Nov-2020

(Q1 Un-audited): EPS was Tk. 0.20 for July-September 2020 as against Tk. 0.14 for July-September 2019; NOCFPS was Tk. 0.42 for July-September 2020 as against Tk. 0.28 for July-September 2019. NAV per share was Tk. 12.66 as on September 30, 2020 and Tk. 12.46 as on June 30, 2020.

SALVOCHEM 09-Nov-2020

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, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2020.

SALVOCHEM 29-Oct-2020

Referring to their earlier news disseminated by DSE on 29.10.2020 regarding Decision to set up progressive plant of Corn Starch, the Company has further informed that with the new manufacturing units, the Company will produce around 25,000 Metric Ton Corn Starch per year. Total estimated project cost will be BDT 70.00 crore.

SALVOCHEM 29-Oct-2020

(Continuation news of SALVOCHEM): With the new manufacturing units, the Company will produce around 25,000 Metric Ton Corn Starch per year. This project will be cost effective for the Company with the existing business set up. (end)

SALVOCHEM 29-Oct-2020

The Company has informed that the Board of Directors has decided to set up progressive plant of Corn Starch with existing Liquid Glucose unit to grab the huge potential market at food, pharmaceutical, paper and textile industry at Bangladesh. Through implementing the project, the Company will be able to improve the excellence for producing raw material of Liquid Glucose unit at its own plant which will reduce cost of materials as well as unique product for sale. (cont.)

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