Midway Securities Ltd. | Online Stock Broker: Buy and sell shares in the Dhaka Stock Exchange (DSE) using our world class platform, all available online!
  • Home
  • Log In
  • Open BO Account
    • Open a BO Account
    • বিও অ্যাকাউন্ট খুলুন
    • Open Joint BO Account
    • Link Account (লিংক অ্যাকাউন্ট)
    • NRB (প্রবাসী) BO Account
  • DSE Mobile
    • DSE Mobile
    • i-Trade
    • Midway Portal
  • Apply For IPO
  • Branches
  • Pricing
    • Pricing
    • প্রাইস
  • Deposit (টাকা জমা)
    • Deposit (টাকা জমা)
    • bKash, Nagad, Rocket
    • Credit Card (Deposit)
  • Withdraw (টাকা উত্তোলন)
  • FAQ
    • FAQ
    • বাংলা
    • Digital Booth FAQ
  • About Us
    • About Us
    • Our Services
    • Careers
    • Survey
    • Form Download
    • Media
  • Foreign Investors
  • OTC Market
  • Mutual Funds Update
  • Contact Us
  • Blog
    • Blog
    • Visual Research
    • Latest Market News

​midway securities ltd.

​স্টক * বন্ড * ইকুইটি ইনভেস্টমেন্ট * আইপিও * বাজার গবেষণা * ক্যাপিটাল ম্যানেজমেন্
বিও অ্যাকাউন্ট খুলুন
09609 100 142

Japan-based Minori to take over Emerald Oil

6/7/2021

0 Comments

 
Picture
​Minori Bangladesh Limited, an arm of Japanese farming group Minori Co Limited, will take over non-performing Emerald Oil Industries Limited.

Minori Bangladesh has recently nominated Sidratul Mahabub Hasan as representative of the company to the Emerald Oil board after purchasing around 8 per cent shares of the company.

BSEC chairman Shibli Rubayat-Ul-Islam told New Age that Minori

Bangladesh will take control of Emerald Oil soon as the previous sponsor-directors had fled the company.

The company will invest a fresh Tk 50 crore into Emerald Oil to address the current needs and bring it to operation, he said.

It will also mitigate the outstanding banks loans of Emerald Oil, the BSEC chairman said.

The company will be given shares against the investment of Tk 50 crore, he said.
Earlier on March 2, the BSEC restructured the board of directors of Emerald Oil by appointing five independent directors to the company’s board in a bid to bring the non-functioning company back to business and protect the interests of investors.

Two directors had to be nominated from the shareholders having at least 2 per cent shares of the paid-up capital of the company, the BSEC said in its order.

Emerald Oil, a rice-brand edible oil producer, is not in operation and has failed to declare dividends for shareholders for the last four years.

The previous board of directors did not take any initiative to bring the company back to business over the period of time and the company has failed to declare a cash dividend since 2015, said the regulator.

Minori’s Bangladesh operations are based in Tangail while its Japanese operations are based in Chiba prefecture, next to Tokyo.

The company focuses mainly on organic crops, including rice, vegetables and fruits, and also partners with local farmers in the region to support their production efficiency and to buy their harvests.

Emerald Oil Industries was established in 2008 with a mission to producing edible oil which is a common item needed for the preparation of daily food.

The company made its debut on stock exchanges on March 19, 2014.

Emerald Oil has been producing refined rice bran edible oil Spondon since 2011.

Emerald Oil’s stocks were being traded under the ‘Z’ category since 2018 due to losses incurred and announcement of no dividends.

Share price of the company stood at Tk 10.8 per share on March 21 that jumped to Tk 28.3 a share on June 30 after a reconstitution of the board.

Source: ​newagebd
0 Comments



Leave a Reply.

    Midway News Team

    We publish the latest stock market news to help you decide on your investment decisions. 
    We curate news from different sources.  

    Archives

    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017

    Categories

    All

    RSS Feed

  • ​বিও অ্যাকাউন্ট খুলুন
  • Open BO Account
  • ​Link (লিংক) Account
  • IPO
  • DSE Mobile​​
  • Pricing / প্রাইস
  • Withdraw (টাকা উত্তোলন)​
  • Deposit (টাকা জমা)​
  • Branches
  • FAQ
  • ​Contact Us​
  • Our Services
  • ​About Us
  • Blog
  • Market News
Dhaka Stock Exchange Building (Room No: 508)
9/F, Motijheel C/A, Dhaka 1000
Hotline: 09609 100 142
​info@midwaybd.com
Copyright Midway Securities Ltd. © 2021
Dhaka Stock Exchange Ltd.
  • Home
  • Log In
  • Open BO Account
    • Open a BO Account
    • বিও অ্যাকাউন্ট খুলুন
    • Open Joint BO Account
    • Link Account (লিংক অ্যাকাউন্ট)
    • NRB (প্রবাসী) BO Account
  • DSE Mobile
    • DSE Mobile
    • i-Trade
    • Midway Portal
  • Apply For IPO
  • Branches
  • Pricing
    • Pricing
    • প্রাইস
  • Deposit (টাকা জমা)
    • Deposit (টাকা জমা)
    • bKash, Nagad, Rocket
    • Credit Card (Deposit)
  • Withdraw (টাকা উত্তোলন)
  • FAQ
    • FAQ
    • বাংলা
    • Digital Booth FAQ
  • About Us
    • About Us
    • Our Services
    • Careers
    • Survey
    • Form Download
    • Media
  • Foreign Investors
  • OTC Market
  • Mutual Funds Update
  • Contact Us
  • Blog
    • Blog
    • Visual Research
    • Latest Market News