Walton Hi-Tech Industries PLC, one of Bangladesh’s leading electronics manufacturers, has initiated a plan to construct its own corporate headquarters in the capital in a move aimed at strengthening operational efficiency and modernising its administrative infrastructure. The proposed building will be located in the Bashundhara residential area of Dhaka.
The company informed investors and the public of this decision on Monday through the Dhaka Stock Exchange (DSE). According to the disclosure, the new corporate headquarters will be built on plot number 1088 at Sabrina Sobhan Fifth Avenue in Block I of Bashundhara Residential Area under Vatara Police Station.
Walton stated that the initiative is designed to establish a world-class corporate facility equipped with modern amenities and advanced operational infrastructure. The project has already entered its initial phase, with preparatory activities underway. As part of the early implementation process, the company has appointed professional consultants responsible for architectural, structural, and mechanical, electrical, and plumbing (MEP) services.
Intraco Moves Towards Major Consolidation
In a separate development in the capital market, Intraco Refueling Station PLC is advancing a significant business consolidation process aimed at expanding operations and strengthening its administrative framework. The company has confirmed that it is moving into the final stage of a merger process following directives from the High Court Division and approval from the Bangladesh Securities and Exchange Commission (BSEC).
Through a disclosure made via the DSE, Intraco Refueling Station announced that it will merge with three of its subsidiary companies. These are:
- M High & Co CNG Refueling Station Limited (MHCCRS)
- Nessa & Sons Limited (NSL)
- Good CNG Refueling Station Limited (GCRSL)
As part of the merger, the company will increase its paid-up capital through the issuance of new ordinary shares. The record date for implementing the consolidation has been set for 21 May. The process is being carried out under the legal framework of a High Court order and regulatory approval from the BSEC.
Market Shows Positive Trend in Early Trading
The Dhaka Stock Exchange recorded a positive trend during the first hour of trading on the second working day of the week. All major indices moved upward as market activity opened on a strong note.
By 11:00 a.m., the benchmark DSEX index had increased by 24.70 points, crossing the 5,290-point threshold. This indicates a broad-based rise in share prices at the beginning of the trading session.
Shariah-based companies showed comparatively stronger performance during the early session, reflected in the movement of the DSES index, which rose by approximately 0.58 per cent. This suggests higher demand for shares of companies compliant with Islamic Shariah principles during the initial trading period.
Total turnover during the first hour stood at approximately 3 billion Bangladeshi Taka, indicating active participation in the market. Out of the traded issues, 241 advanced, 74 declined, and 71 remained unchanged.
Summary of Early Market Indicators
| Indicator | Value |
|---|---|
| DSEX Index Change | +24.70 points |
| DSEX Level | Above 5,290 points |
| DSES Change | +0.58% |
| Total Turnover (First Hour) | Approx. BDT 3 billion |
| Advancing Issues | 241 |
| Declining Issues | 74 |
| Unchanged Issues | 71 |
Overall, the disclosures from Walton Hi-Tech Industries and Intraco Refueling Station reflect ongoing corporate restructuring and infrastructure development activities among listed companies, while the early trading session indicates a broadly positive sentiment in the capital market.