DSE
Talking with multiple sources, DSE is now told to sell 25 percent of shares in the 12 percent by the two companies of the Chinese company and the national stock exchange, Nasdaq and Frontier alliance. The DSE's current shareholders said the objection has been made. On the condition of non-disclosure, many influential members of the DSE said, according to the terms of the bid offer, the shares will be sold to the highest bidder, that is the normal case. If it is forced to sell and sell now, then there will be a question about the issue of calling a bid offer.
When contacted, the DSE chairman Abul Hashem told him to cut the telephone line because he did not say anything.
It is learned that recently the Bangladesh Securities and Exchange Commission (BSESE), the capital market regulator, formed informally on the DSE, selling shares to the National Stock Exchange, Nasdaq and Frontier Alliance.
When asked about the BSEC spokesperson and executive director Saifur Rahman first light, 'Anyone can raise any allegation. However, the commission will decide on a larger number of issues. We have not yet received any offers related to the sale of DSE. As long as the regulatory body is not approved, the matter will not be considered final. Even there is no legal jurisdiction to make DSE final decision. BSEEC may officially or informally talk to market-related people on various issues. Can advise. There is no scope to interpret it as pressure. '
According to several sources, the National Stock Exchange, Nasdaq and Frontier Bangladesh alliance agreed to give more price to the DSE partner. Sensex and the Shanghai Stock Exchange alliance expressed interest to buy DSE shares at the price offered.
According to the Demutuilization Act, after dividing the management from ownership, the total shares of the DSE are divided equally among 250 members. Of these shares, 40 percent of the members are separated for themselves. The remaining 60 percent of the shareholders are kept separately for sale outside. 25 percent of the 60 percent share was legalized to sell to strategic or strategic investors. The remaining 35 percent shares are legally set to be sold to ordinary investors.
According to the law, the process of selling the shares to the strategic investors must be completed during the intervening period of March 8. BSEEC has set the deadline for increasing the three-point There is a legal scope for this deadline under BSEICE's directive.
Based on the recommendation of the inquiry committee formed after the collapse of the stock market in 2010, the debitualization of the stock exchange was undertaken. In 2013 the process was completed by law. In this process, the majority of independent directors are ensured by the DSE Board of Directors. Seven people have been inducted as directors of the 13-member board. The provision has been made under the law, the president has to be elected from seven independent directors.
Four directors will be the directors of the board. A director for the strategic investor has also been preserved in the board. If the coalition of China's two stock exchanges is finally approved to become a strategic ownership partner, they will be one of the representatives of the DSE board.