Not India, China chose the country's capital market

shareholders have approved the proposed proposal to strategically partner two stock exchanges Shenzhen and the Shanghai Stock Exchange. As a result, the National Stock Exchange of India, Frontier Bangladesh and Consortium of the United States Nasdaq. When this agreement is concluded, the Chinese Consortium will own 25 percent or 45 million shares of Dhaka Stock Exchange Limited.

DSE Chairman Professor Dr. Purbani at the capital yesterday. Under the chairmanship of Abul Hashem, shareholders approved this proposal at the company's general meeting. The Bangladesh Securities and Exchange Commission (BSEC) will now send a proposal to the company to get the approval of the capital market regulatory body DSE.

According to the sources, two consortium submits tenders for DSE to get strategic partner about four months ago. Among them, except the Chinese Consortium of two exchanges, the borrower was National Stock Exchange of India, Frontier Bangladesh and Consortium of the United States Nasdaq. DSE decided to accept Chinese Consortium on February 10, after verifying two proposals.

DSE Chairman Abul Hashem sought shareholders' approval for the proposal for DSE with the consortium consisting of Shenzhen and Shanghai Stock Exchange, according to the condition of BSEEC in the special general meeting yesterday. Later, in the presence of a large number of shareholders, 25 percent of the DSE or 450,944,125 shares of common stock was given to the Chinese Consortium, while the technical and financial proposals were unanimously approved and accepted.

DSE chairman said the proposal of becoming DSE's strategic investor was found in the world's renowned Shenzhen Stock Exchange and the Shanghai Stock Exchange Consortium due to the relentless hard work and long work of the board of directors and management. The day is very significant in DSE's history.

DSE director Minhaz Mannan Imon said that the Chinese Consortium's finalization as DSE's strategic investor is going ahead with many obstacles. With the approval of shareholders in the EGM, a lot of obstacles were cut. The shareholders are hopeful that the Chinese Consortium will now get the final approval.

It is learned that on February 22, the DSE Secretary for the approval of the Chinese Consortium as a strategic investor. Asadur Rahman submitted the proposal to the BSE. However, on March 19, the BSEC decided not to approve the proposal of the Chinese Consortium to be a strategic investor. However, some conditions allow the DSE authorities to make a fresh amendment proposal. In the light of this, the DSE authorities organized the EGM on 30th April.