DHAKA: The Securities and Exchange Commission (SEC) Thursday approved proposal of Maksons Spinning Mills on floating right shares and Mutual Fund Prospectus of Popular Life.

The approval was given for the two listed companies at a meeting of the stock-market regulator.

SEC sources said Maksons Spinning Mills was permitted to release one right share against two general shares. The face value of each right share was fixed at Tk 10 and premium at Tk 15.

On the other hand, the face value of each unit of the Tk 200 crore Mutual Fund of Popular Life Insurance was fixed at Tk 10.


BDST: 1940 HRS, June 17, 2010
SR/AHS/RT/LY/MUA