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SSSTEEL

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SSSTEEL 31-Aug-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 from 01.09.2020 to 02.09.2020. Trading of the shares of the Company will remain suspended on record date i.e., 03.09.2020 for EGM.

SSSTEEL 12-Aug-2020

(Continuation news of SSSTEEL): The Company has also informed that refer to their earlier news disseminated by DSE on 04.08.2020 regarding decision to invest in Saleh Steel Industries Limited, will be placed for general shareholders' approval on the EGM. Date of EGM: 28.09.2020, Time of EGM: 11:00 AM, Venue: Digital Platform. Record Date: 03.09.2020. (end)

SSSTEEL 12-Aug-2020

The Company has informed that Board of Directors has decided to increase of Authorized Capital of the Company from Tk. 300.00 crore to Tk. 500.00 crore by amending Clause -V of the Memorandum of Association and Clause-5 of the Articles of Association. (cont.)

SSSTEEL 09-Aug-2020

(Continuation news of SSSTEEL): Moreover, the Company did not disseminate full disclosure regarding the value of each share of the acquirer Company (Saleh Steel Industries Limited), number of shares to be acquired and other information to the contract which may mislead the investors of the company due to information asymmetry. (end)

SSSTEEL 09-Aug-2020

Reference to their earlier news disseminated on August 4, 2020 regarding Price Sensitive Information. In this regard, Bangladesh Securities and Exchange Commission has issued a clarification letter in connection with the taking share money deposits from its Directors which seem to be contrary with the Securities Laws. (cont.)

SSSTEEL 04-Aug-2020

(Continuation news of SSSTEEL): which can potentially increase the profitability of the company substantially. The invested amount shall be financed by the company and partly from taking share money deposit from directors. The Company solicit full-fledged cooperation from their valued stakeholders. Venue, date and time of EGM will be notified later. (end)

SSSTEEL 04-Aug-2020

(Continuation news of SSSTEEL): The Company has also informed that Saleh Steel lndustries Limited is a reputed steel industry in Bangladesh, engaged in production and selling steel by its renowned brand name and capacity of the Saleh Steel Industries Limited is around 84,000 Metric Ton per annum. The said investment alone is expected to increase turnover of S. S. Steel Limited by approximately Tk. 500.00 crore per annum towards the year (cont. 2)

SSSTEEL 04-Aug-2020

The Company has informed that Board of Directors has decided to make equity investment in Saleh Steel Industries Limited, registered address 85, Nasirabad, Chittagong, with a view to subscribe 99% (approx.) of its existing equity shares amounting Tk. 24.75 Crore and invest further Tk. 134.00 crore (approx.), for smooth operation, against which Saleh Steel Industries Limited will issue new shares to S. S. Steel Limited. (cont. 1)

SSSTEEL 13-Jul-2020

(Q3 Un-audited): EPS was Tk. 0.36 for January-March 2020 as against Tk. 0.53 for January-March 2019; EPS was Tk. 1.51 for July 2019-March 2020 as against Tk. 1.30 for July 2018-March 2019. NOCFPS was Tk. 1.28 for July 2019-March 2020 as against Tk. 0.08 for July 2018-March 2019. NAV per share (with Revaluation) was Tk. 17.44 as on 31.03.2020 and Tk. 15.93 as on 30.06.2019 and NAV per share (without Revaluation) was Tk. 14.94 as on 31.03.2020 and Tk. 13.39 as on 30.06.2019.

SSSTEEL 07-Jul-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 July 12, 2020 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2020.

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