11 firms under DSE scanner

The Dhaka Stock Exchange (DSE) has decided to review the performance of 11 listed firms which failed to pay any dividend in the last five years.

The companies are -- Meghna Pet Industries Ltd, ICB Islamic Bank Ltd, Dulamia Cotton Spinning Mills Ltd, Shyampur Sugar Mills Ltd, Zeal Bangla Sugar Mills Ltd, Imam Button Industries Ltd, Meghna Condensed Milk Industries, Savar Refractories Ltd, Beximco Synthetics Ltd, Jute Spinners Ltd and Shinepukur Ceramics Limited.

“The performance of the following listed securities are under process of reviewing by DSE in line with regulation 51(1)(a) of the Dhaka Stock Exchange (Listing) Regulations, 2015,” DSE said in a statement published on its website on Wednesday.

According to DSE disclosure, the performance of Meghna Pet Industries Ltd, ICB Islamic Bank Ltd and Dulamia Cotton Spinning Mills Ltd is under DSE scanner in line with regulation 51(1)(c) of the Dhaka Stock Exchange (Listing) Regulations, 2015 as well, as the commercial operation, production or exploration of these three issuers has been stopped for a period of consecutive three years.

sik/teb