Midway Securities Ltd. | Online Stock Broker: Buy and sell shares in the Dhaka Stock Exchange (DSE) using our world class platform, all available online.
  • Home
  • Open BO Account
    • বিও অ্যাকাউন্ট খুলুন
    • Open a BO Account
    • Open Joint BO Account
    • Link Account (লিংক অ্যাকাউন্ট)
    • NRB (প্রবাসী) BO Account
  • DSE Mobile
    • DSE Mobile
    • i-Trade
  • Apply For IPO
  • Branches
  • Pricing
    • Pricing
    • প্রাইস
  • Deposit (টাকা জমা)
    • Deposit (টাকা জমা)
    • bKash, Nagad, Rocket
    • Credit Card (Deposit)
  • Withdraw (টাকা উত্তোলন)
  • Tax Certificate
  • FAQ
    • FAQ
    • বাংলা
  • About Us
    • About Us
    • Our Services
    • Careers
    • Survey
    • Form Download
    • Media
  • Foreign Investors
  • OTC Market
  • Mutual Funds Update
  • Contact Us
  • Latest Market News
  • Blog

​midway securities ltd.

​স্টক * বন্ড * ইকুইটি ইনভেস্টমেন্ট * আইপিও * বাজার গবেষণা * ক্যাপিটাল ম্যানেজমেন্
বিও অ্যাকাউন্ট খুলুন
09609 100 142

BSEC plans to delist 8 more OTC cos under exit scheme

4/4/2021

0 Comments

 
Picture
​The Bangladesh Securities and Exchange Commission has moved to delist eight more companies trading on the over-the-counter market after repaying general investors’ claims as per the commission’s exit plan directive.
It would also send 15 OTC companies to the small medium enterprise platform and 25 others to the alternative trading board of the stock exchanges.

The regulator made the move after receiving reports from the country’s two stock exchanges.

Earlier on December 15, 2020, the BSEC asked the Dhaka Stock Exchange and the Chittagong Stock Exchange to appoint special auditors to review the business affairs of 21 OTC market companies which are in operation, submit a detailed report on another 43 OTC companies which are not in business operation.

BSEC commissioner Shaikh Shamsuddin Ahmed told New Age that the regulator made a list of eight companies to let them exit considering their weak business situation.

He also said that the commission had called them to discuss the issue.

‘We don’t want to delist a company until it forces us to do so,’ he said.

Shaikh Shamsuddin also said that a number of companies would also be sent to the alternative trading board and a number of others to the SME board on the basis of their business strength.

The eight companies which would be delisted under exit plan are Arbee Textiles, Chic Tex, Eagle Star Textile Mills, German Bangla JV Food, M Hossain Garments Washing & Dying, Maq Enterprises, The Engineers and Tulip Dairy & Food Products.

On December 28, 2020, the BSEC issued the directive on exit plan of delisted securities, stating that non-performing delisted company under OTC could apply for an exit and the commission might also ask them to do so.

Such companies must prepare an exit plan for buying all the securities held by the shareholders other than sponsor-directors at face value, or issue price at the time of initial public offering, last trade price on the date on trading suspension, net asset value per share, last one year weighted average price, whichever is higher, the rule said.

The BSEC has planned to transfer Bangladesh Hotels, Bengal Biscuits, Gachi Hata Aquaculture Farms, Himadri Limited, Mona Food Products, Padma Printers & Color, Rangamati Food Products, Wonderland Toys, Yousuf Flour Mills, Hill Plantation, Dhaka Fisheries, Azadi Printers, Gulf Foods, Meghna Shrimp Culture, and Phoenix Leather Complex to the SME board.

BSEC officials said that the 15 companies would be allowed to raise capital through repeat public offerings (RPO) to address their capital need.

The capital raising would be as per the qualified investor offer by small capital companies’ rules.

The regulator would also send Al-amin Chemical Industries, Excelsior Shoes, Lexco, Modern Industries, United Airways (BD), Metalex Corporation, Alpha Tobacco Manufacturing Co Therapeutics (Bangladesh),  Sreepur Textile Mills, Pharmaco International, Ashraf Textile Mills, Bengal Fine Ceramics, Mita Textiles, Amam Sea Food Industries, Bangla Process Industries, Bangladesh Electricity Meter Company, Bionic Seafood Exports, Dynamic Textile Industries, Modern Cement, Perfume Chemical Industries, Petro Synthetic Products, Quasem Silk Mills,

Quasem Textile Mills, Raspit Inc Bd, Raspit Data Management & Telecommunications, Rose Heaven Ball Pen, and Saleh Carpet Mills to the ATB.

Earlier on September 30, 2020, the BSEC delisted four OTC companies — Bangladesh Chemical Industries, Bangladesh Dyeing & Finishing Ind, Bangladesh Luggage Industries and Bangladesh Zipper Industries.

Source: ​newagebd
0 Comments



Leave a Reply.

    Midway News Team

    We publish the latest stock market news to help you decide on your investment decisions. 
    We curate news from different sources.  

    Archives

    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017

    Categories

    All

    RSS Feed

  • ​বিও অ্যাকাউন্ট খুলুন
  • Open BO Account
  • ​Link (লিংক) Account
  • IPO
  • DSE Mobile​​
  • Pricing / প্রাইস
  • Withdraw (টাকা উত্তোলন)​
  • Deposit (টাকা জমা)​
  • Branches
  • FAQ
  • ​Contact Us​
  • Our Services
  • ​About Us
  • Blog
  • Market News
Dhaka Stock Exchange Building (Room No: 508)
9/F, Motijheel C/A, Dhaka 1000
Hotline: 09609 100 142
​info@midwaybd.com
Copyright Midway Securities Ltd. © 2021
Dhaka Stock Exchange Ltd.
  • Home
  • Open BO Account
    • বিও অ্যাকাউন্ট খুলুন
    • Open a BO Account
    • Open Joint BO Account
    • Link Account (লিংক অ্যাকাউন্ট)
    • NRB (প্রবাসী) BO Account
  • DSE Mobile
    • DSE Mobile
    • i-Trade
  • Apply For IPO
  • Branches
  • Pricing
    • Pricing
    • প্রাইস
  • Deposit (টাকা জমা)
    • Deposit (টাকা জমা)
    • bKash, Nagad, Rocket
    • Credit Card (Deposit)
  • Withdraw (টাকা উত্তোলন)
  • Tax Certificate
  • FAQ
    • FAQ
    • বাংলা
  • About Us
    • About Us
    • Our Services
    • Careers
    • Survey
    • Form Download
    • Media
  • Foreign Investors
  • OTC Market
  • Mutual Funds Update
  • Contact Us
  • Latest Market News
  • Blog