The Financial Express

International Leasing now in "A" category

| Updated: July 09, 2018 12:23:59

International Leasing now in "A" category

International Leasing & Financial Services will be placed in "A" category from existing "B" category with effect from today (Monday).

The company was placed in "A" category due to its reporting of disbursing 12 per cent stock dividend for the year ended on December 31, 2017, according to a disclosure posted on the Dhaka Stock Exchange on Sunday.

The company has informed that it has credited the bonus shares for the year ended on December 31, 2017 to the respective shareholders' BO accounts on July 05.

The stockbrokers and merchant bankers have been requested to abstain from providing loan facilities to purchase any securities of the company between 1st and 30th trading day after the categorisation as per securities regulator's directive in this regard, the disclosure said.

Each share of the company, which was listed with the main bourse in 2007, closed at Tk 14.90 on Sunday, advancing 2.76 per cent over the previous session.

The company's paid-up capital is Tk 2.11 billion and authorised capital is Tk 3.0 billion while the total number of securities is 211.24 million.

The sponsor-directors own 41.54 per cent stake in the company while institutional investors own 34.29 per cent, foreign 0.15 per cent and the general public 24.02 per cent as on May 31, 2018, the DSE data shows.

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