SM Mahbubul Alam, managing director (MD) of Walton Hi-Tech Industries, one in all Bangladesh’s very most lifelike electronics producers, has expressed his intention to switch 1.Forty five crore shares to his family.
As per the declaration, Mahbubul Alam, will switch 60.60 lakh shares to his daughter Nishat Tasnim Shuchi, 60.60 lakh shares to his son Shadman Sakib Dipro and 23.80 lakh shares to his partner Zakia Sultana by approach of gift outside the buying and selling system of the change inner 30 working days, with make from 22 September.
The declaration on portion switch became published on the Dhaka Stock Alternate and Chittagong Stock Alternate (CSE) nowadays.
This switch is fragment of a broader intention by Walton’s management to frequently switch possession to the following technology. Earlier, three other sponsor directors of Walton had transferred vital quantities of shares to their family.
Fixed with the shareholders file for August, Mahbubul holds 5.39 crore shares of Walton, which is a lot like 17.79% of the total shares of Walton.
On 19 September, SM Ashraful Alam, vice-chairman, and SM Nurul Alam Rezvi, a shareholder director on the board of Walton had declared to switch 2.11 crore shares to the following technology.
Meanwhile, Walton Chairman SM Shamsul Alam on 15 September declared to switch over 3.64 crore shares to his partner and daughters.
The three owners of Walton accept executed transferring the shares, per disclosures on the stock exchanges nowadays.
SM Ashraful Alam transferred 1.21 crore shares to his son Shahriar Alam Shuvo and daughter Fariha Alam Prova, each receiving 60.60 lakh shares.
Nurul Alam Rezvi transferred 90 lakh shares to his daughter Rifah Tasnia Swarna.
Amongst Shamsul Alam’s transferred shares, his daughter Sabiha Jarin Orona, and partner Shahinur Akter Jolly, both normal shareholders of the firm, purchased 1.81 crore shares and 90.81 lakh shares respectively.
Meanwhile, Shamsul’s other daughter Tahmina Afrose Tanna, who’s a shareholder director in the board of Walton, purchased 91.75 lakh shares.
At the 2nd, Walton’s sponsor-directors accept 98.51% of its 30.29 crore shares, whereas normal shareholders withhold the the leisure 1.49%, including establishments with 0.66%, foreigners with 0.10%, and public shareholders with 0.73%.
Walton went public in 2020 by offloading handiest 1% of its shares in the secondary market.
Fixed with Walton’s portion buy/promote space file, as of 30 June, sponsors/directors equipped 15.85 lakh shares to normal and other shareholders.
In the 2023-24 fiscal, Walton made a earnings of Tk1,356 crore. The on-line earnings of the native digital giant increased by Tk573.85 crore in comparison to the old fiscal year.
The board of directors had decided to pay 200% cash dividends to its sponsor-directors, and 350% for the conventional shareholders.
