2024-10-08 14:44:21
In the interests of the capital market, listing of companies with good fundamentals is essential. Bangladesh Securities and Exchange Commission (BSEC) is working for this purpose. Following this, BSEC discussed with the entrepreneurs of Meghna Group, City Group and PHP Group last Monday (October 7).
In the future, BSEC will discuss with other big industrial groups of the country. BSEC expects that with this effort, there will be listing of well-founded companies in the country’s capital market in the future.
This information was informed in a press release signed by Executive Director and Spokesperson Mohammad Rezaul Karim on Tuesday (October 8).
According to the notification, a meeting of top entrepreneurs of Meghna Group, City Group and PHP Group was held with BSEC on October 7. In the meeting held under the chairmanship of BSEC chairman Khandkar Rashed Maqsood in the capital’s Agargaon BSEC building, BSEC commissioner Mu. Mohsin Chowdhury, Md. Ali Akbar, Farzana Lalarukh, BSEC Executive Director Mohammad Rezaul Karim were present.
At this time Meghna Group of Industries Chairman and Managing Director Mustafa Kamal, City Group Managing Director Md. Hasan and PHP Group Director Mohammad Akhtar Parvez were present.
In the meeting held, discussions were held with the owners of three of the largest groups in the country to motivate leading and reputed companies and groups with good fundamentals in the country’s capital market for listing.
In the meeting, BSEC said that listing of well-founded companies in the market is essential for the sake of the capital market and BSEC is working earnestly for this purpose. The commission is working on various issues including long-term financing through the capital market, valuation of companies in the case of listing, simplification and speedy execution of the process of IPO approval and listing.
BSEC Chairman Khandkar Rashed Maksud said in the meeting that Meghna Group, City Group and PHP Group have made significant contributions to the economic development and industrial and commercial sectors of Bangladesh. Not only are they well-known as one of the largest industrial groups in Bangladesh, they also include chemicals, cement, food and consumer goods, real estate, insurance, securities, utilities, steel, printing and packaging, shipping, power and energy and fuel, shares and securities, media, There are established companies in various sectors such as health care, steel, glass, aluminum, ship breaking and recycling, textiles, petroleum products, agricultural products, leather products, fisheries etc. which is a clear reflection of their business scope and diversification.
He also said that the listing of companies with important strong fundamentals in these various sectors in the country’s capital market will strengthen the country’s capital market on the one hand, and on the other hand, as a result of financing through the capital market, an opportunity will be created to accelerate the speed of industrialization and development of the country through the further development of these various sectors.
The notification also mentions that BSEC will meet with other large groups of the country to list companies with good fundamentals in the capital market. As a result of this effort, it is expected that companies with good fundamentals will be listed in the capital market of Bangladesh in the future. Through this, the country’s capital market will get new momentum and the market will be more vibrant. Expect to get. The present commission is working tirelessly to build a prosperous and successful capital market and for the overall development and reform of the capital market. By ensuring reforms, development and good governance in the country’s capital market, investors are expected to get a transparent, dynamic and modern capital market soon.
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