FE Report
The securities regulator Thursday extended the timeframe for the listing of MJL Bangladesh by two weeks, officials said.
The decision came at the first commission meeting after the government recently brought changes in Securities and ExchangeCommission (SEC) through the appointment of chairman and three other members.
SEC spokesman Mohammad Saifur Rahman said the regulator would disclose its decision regarding the listing of the company by considering the legal base of the proposal submitted by Dhaka Stock Exchange (DSE).
On Wednesday the DSE proposed to the SEC to withdraw its previous letters so that they can make the company listed in accordance with company's fresh proposal.
On Wednesday both the DSE and the company reached a consensus to make the company listed on the condition of returning Tk 37.40 for each shares of primary allottees.
Recently, the SEC sent two letters to DSE for taking necessary measures to make the company listed according to company's compensation proposal.
Earlier, the company completed its subscription at an offer price of Tk 152.40 for each share. Now the company will be listed at an offer price of Tk 115.
The securities regulator Thursday extended the timeframe for the listing of MJL Bangladesh by two weeks, officials said.
The decision came at the first commission meeting after the government recently brought changes in Securities and ExchangeCommission (SEC) through the appointment of chairman and three other members.
SEC spokesman Mohammad Saifur Rahman said the regulator would disclose its decision regarding the listing of the company by considering the legal base of the proposal submitted by Dhaka Stock Exchange (DSE).
On Wednesday the DSE proposed to the SEC to withdraw its previous letters so that they can make the company listed in accordance with company's fresh proposal.
On Wednesday both the DSE and the company reached a consensus to make the company listed on the condition of returning Tk 37.40 for each shares of primary allottees.
Recently, the SEC sent two letters to DSE for taking necessary measures to make the company listed according to company's compensation proposal.
Earlier, the company completed its subscription at an offer price of Tk 152.40 for each share. Now the company will be listed at an offer price of Tk 115.
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