Press Release
Chittagong, May 2, 2006: Chittagong Stock Exchange has delisted three companies
effective from today 2nd May, 2006, these are JH Chemical
Industries Ltd., Meghna Vegetable Oil Industries Ltd. and Mark Bangladesh Shilpa
& Engineering Ltd. for not complying CSE’s Listing Regulations.
JH Chemical Industries has been delisted for not paying the annual listing fees which has been due since 2000, and failed to submit Half-Yearly Accounts for the years from June 2001 to 2005 and failed to declare dividend or bonus for more than five years.
Meghna Vegetable Oil Industries Ltd. has been delisted for failing to hold AGM for the years from 2001 to 2005, failed to declare dividend or bonus for more than five years and also the company was not in commercial operation for those years.
Mark Bangladesh Shilpa & Engineering Ltd. has been delisted as they have failed to hold AGM for the financial years 2003 to 2005, and failed to pay CSE Annual Listing fees of more than two years and failed to declare dividend or bonus for more than five years.
Despite CSE’s repeated request to comply of those failures, above companies did not reply positively to CSE’s request.
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For Chittagong Stock Exchange