In its first, the Bangladesh Securities and Exchange Commission (BSEC) has moved to be tougher against the issue managers or merchant banks that have brought low-performing companies to the stock market.
The finance costs have at least doubled for the firms that have taken on dollar-denominated loans from external sources owing to the depreciation of the Bangladeshi taka against the American greenback.
The One Stop Service (OSS) of Bangladesh Investment Development Authority (Bida) is yet to meet expectations due to non-cooperation of some entities, said Md Sirazul Islam, whose tenure as its executive chairman ended last week.
Chittagong Stock Exchange (CSE) is in discussions with SGS Group and Nippon Express Bangladesh to build a technological ecosystem for smart warehousing facilities and intelligent quality control systems for the country’s first commodities exchange, or futures market.
Familytex (BD), a listed textile company, lied in its initial public offering (IPO) prospectus by saying that one of its sponsors was a South Korean national in a bid to create a positive impression among general investors, according to a probe.