Tuesday 21 August 2018 ,
Tuesday 21 August 2018 ,
Latest News
  • Actress Nawshaba gets bail
  • No doubt BNP, Khaleda, Tarique involved in Aug 21 grenade attack: PM
  • 10 quota-reform leaders, activists freed from jail
  • Spped of Rohingya return depends on Bangladesh: Suu Kyi
  • Rainfall may increase in next 72hrs
7 February, 2018 00:00 00 AM
Print
TECHNICAL BENEFITS AND ADVISORY SUPPORT

DSE likely to tie up with China bourses

Staff Reporter
DSE likely to tie up with China bourses

Dhaka Stock Exchange (DSE) is going to tie-up with Chinese Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE), as strategic investors by selling each of the shares at the price of Tk 22. The consortium will buy 25 per cent of the share of DSE.

Besides, the consortium will provide technical assistance of $37 million to DSE, Mohammod Zahirul Islam vice president of Bangladesh brokerage association who is also member of the DSE told The Independent yesterday.

 The disclosure came out after the opening of the bid document for the strategic partners.  According to the source the second bidder was a consortium consisting of the National Stock Exchange, Nasdaq and Frontier that proposed to buy 25.01 per cent share at Tk 15. Besides, they will also provide technical support to DSE.

However, the Shanghai Stock Exchange and the Shenzhen Stock Exchange are offering the higher rates are likely to get the chance for investment.     

According to the 2013 Demutualization Act, the strategic investor will be any local or foreign stock exchange or the investment management company or the investment bank or any reputable financial institution approved by the regulatory body.  

The main goal to get a strategic investor is to have better technical benefits and advisory support for better management and business development.       

DSE will have to negotiate to sell 25 per cent share to strategic investors and member organisations. The owners of the brokerage house will have the ownership of 40 per cent share of the stock exchange. The remaining 35 per cent shares will be sold later to the general investors through the initial public offering (IPO).

 

Comments

Poll
Today's Question »
TIB has expressed concerns over a new act that restricts ACC powers in arresting govt officials. Do you support the anti-graft watchdog?
 Yes
 No
 No Comment
Yes 95.4%
No 3.9%
No Comment 0.7%
Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
01020304
05060708091011
12131415161718
19202122232425
262728293031

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting