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Tamijuddin Textile Mills will be traded on the Chittagong Stock Exchange's main market from Monday (August 16), after remaining in the over-the-counter (OTC) market since 2009.
The port city bourse has re-listed the shares of the company from OTC market to the main market following approval of the Bangladesh Securities and Exchange Commission.
The CSE scrip code for the textile company is "TAMIJTEX" and scrip ID is 12026, according to a filing with the CSE on Thursday.
The reference price shall be the last closing price of the company traded at Dhaka Stock Exchange (DSE) of Tk 82.50 against the face value of Tk 10 each.
The circuit breaker (price limit) shall remain operative from the first trading day at CSE, meaning share prices of the company cannot go up or down beyond the permissible limit.
The company shall be placed primarily in "Z" category and the status would continue until the next annual general meeting (AGM) and thereafter the categorization will be determined as per relevant provisions.
Tamijuddin Textile's un-audited earnings per share (EPS) rose 173 per cent to Tk 0.30 for January-March 2021, from Tk 0.11 for January-March 2020.
The company's nine months EPS also rose to Tk 0.98 for July 2020-March 2021 as against Tk 0.81 for July 2019-March 2020.
The company has also reported net operating cash flow per share (NOCFPS) of Tk 0.20 for July 2020-March 2021 as against Tk 4.07 for July 2019-March 2020.
The net asset value (NAV) per share was Tk 81.51 as on March 31, 2021 and Tk 80.50 as on June 30, 2020.
The company's paid-up capital is Tk 300.65 million and authorised capital is Tk 350 million while total number of securities is 30.06 million.
The sponsor-directors own 56.22 per cent stake in the company while the general public own 43.78 per cent as on June 30, 2020 (year-end), the DSE data shows.
Earlier on February 4, this year, the stock market regulator approved four OTC market companies to get re-listed on the bourses' main market following their applications and improved their business condition.
The companies are Bangladesh Monospool Paper Manufacturing Company, Paper Processing and Packaging, Tamijuddin Textile Mills and Monno Fabrics, which already made trading on the DSE's main market from June 13, this year.
Of the companies, Bangladesh Monospool Paper Manufacturing and Monno Fabrics also made trading on CSE's main market on June 13, this year.
The BSEC formally launched the OTC market on September 06, 2009 in an effort to facilitate the trading of de-listed companies.
The OTC market is meant for those companies that are not in operation or failed to hold AGMs or declare dividends or did not convert their paper shares into electronic ones.
Currently, 61 companies are traded on the OTC market. United Airways was the latest company that was sent to the OTC platform following its poor performance.
Meanwhile, some companies already returned to the main market from the OTC market after improving their performances and complying with the securities rules. These are United Commercial Bank, Wata Chemical, Alif Industries, Sonali Paper & Board Mills etc.