Walton Plans Corporate Headquarters in Bashundhara

Walton Hi-Tech Industries PLC, one of Bangladesh’s leading electronics manufacturers, has initiated steps to construct its own corporate headquarters in the capital to streamline and modernise its business operations. The proposed building will be located in the Bashundhara Residential Area of Dhaka.

The company disclosed the decision on Monday through the Dhaka Stock Exchange (DSE), informing both investors and the general public. According to the disclosure, the new corporate headquarters will be built on plot number 1088 at Sabrina Sobhan Fifth Avenue, Block I, under Vatara Police Station.

Walton stated that the initiative aims to establish a world-class and modern headquarters equipped with advanced facilities to support its expanding operations. The project has already entered its initial phase, with preliminary work underway. As part of this stage, the company has appointed professional consultants for architectural, structural, and mechanical, electrical and plumbing (MEP) services.

In parallel corporate developments, listed energy sector company Intraco Refuelling Station PLC is moving forward with a significant consolidation plan involving its subsidiaries to strengthen its operational and administrative structure. Following approval from the High Court Division and consent from the Bangladesh Securities and Exchange Commission (BSEC), the company has begun final-stage implementation.

Intraco Refuelling Station disclosed through the DSE that it has decided to merge with three of its wholly owned subsidiaries:

As part of the merger process, Intraco will increase its paid-up capital through the issuance of ordinary shares. The company’s board of directors has fixed 21 May as the record date for executing the consolidation process. The entire restructuring is being carried out under directives from the High Court and with regulatory approval from the BSEC.

Meanwhile, trading activity at the Dhaka Stock Exchange opened on a positive note during the second working day of the week. All major indices showed upward movement within the first hour of trading.

At around 11:00 am, the DSE key index, DSEX, rose by 24.70 points to cross the 5,290-point mark, indicating a broadly positive market trend. The Shariah-based DSES index also recorded a gain of approximately 0.58 per cent, reflecting increased investor interest in Islamic-compliant listed companies.

Market performance (first hour)

Total share turnover during the first hour stood at approximately BDT 30 billion. Of the traded securities, 241 issues advanced, 74 declined, and 71 remained unchanged.

The early session reflected broad-based buying interest, particularly in Shariah-compliant securities, contributing to the positive momentum observed at the start of trading.