Multinational GSK now Unilever Consumer Care
Stocks
Two publicly listed companies – GlaxoSmithKline (Bangladesh) Ltd and Monno Jute Stafflers Ltd – have changed their names.
GlaxoSmithKline or GSK has been renamed as Unilever Consumer Care Ltd while Monno Jute Stafflers as Monno Agro and General Machinery Ltd.
The two companies will be trading under the new names from Thursday, confirmed the Dhaka Stock Exchange (DSE) website on Wednesday.
In line with its new name, GSK Bangladesh's trading code and sector will also be changed to "UNILEVERCL" and "food" respectively. The company was previously listed in the pharmaceutical and chemical sector.
Unilever Overseas Holdings BV has bought all shares (81.98%) of the entrepreneurial director (SETFIRST Ltd) of GSK Bangladesh.
On 28 June this year, Unilever acquired GSK Bangladesh on the block market for more than Tk2,000 crore. In July, the company's board of directors decided to rename it as Unilever Consumer Care Ltd.
The company decided to trade on the stock market under the new name approved by the Registrar of Joint Stock Companies and Firms (RJSC).
Meanwhile, the new name of Monno Jute Stafflers is Monno Agro and General Machinery Ltd. Its new trading code is "MONNOAGML".
The company said all of its information, except for the name change, would remain unchanged.
Comments
While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.