Dhaka, Bangladesh (BBN)-Familytex (BD) Limited, a Chittagong-based cent percent export oriented garments manufacturer, will be placed in ‘A’ category from existing ‘Z’ category with effect from Monday, officials said.
“The company will be placed in ‘A’ category from existing ‘Z’ category with effect from May 26 as the company reported disbursement of 100 percent stock dividend for the year ended on December 31, 2013,” said a Dhaka Stock Exchange statement posted on its website on Sunday.
Share price of the company fell 1.81 percent to close at BDT 27.1 on Sunday despite of its category change.
The Familytex (BD) raised a fund worth Tk 340 million, offloading 34 million ordinary shares at an offer price of Tk 10 each through the Initial Public Offering (IPO) in April last year.
The company listed on the DSE in June 2013. A market lot is 500 shares.
BBN/BB/AS-25May14-3:50pm (BST)