DHAKA: The Securities and Exchange Commission (SEC) Tuesday approved right share of three companies.

Executive director of SEC Anwarul Kabir Bhuiyan confirmed banglanews24.com.bd that a meeting of the SEC approved right share of Confidence Cement, Asia Pacific Insurance and Daffodil Computers.

Officials said Confidence Cement was allowed to release three right shares against 10 general shares.

The face value of each right share was fixed at Tk 100 and premium at Tk 600 making the price of each right share Tk 700.

The company will collect Tk 52.67 crore from the capital market with 7.52 lakh right share.

Asia Pacific was permitted to release a right share against a general share.

The company will take Tk 50 as premium for each right share with Tk 100 face value.

The company will collect Tk 31.76 crore by 2 crore 11 lakh and 757 right share.

On the other hand, Daffodil computers was permitted to release a right share against a general share. The company will increase its capital from Tk 30 crore to Tk 50 crore by 2 crore 28 lakh 53 thousand and 600 right shares.

BDST 2005 HRS, JULY 27, 2010