Related News
Chinese team seals 25% of Dhaka bourse
Print Edition
The Chinese consortium led by the Shenzhen Stock Exchange said yesterday that it has completed its acquisition of a 25 percent stake in Bangladesh鈥檚 largest bourse Dhaka Stock Exchange.
Senior officials of the Chinese consortium accompanied by the top DSE executives made the announcement at a press briefing in Dhaka yesterday.
The consortium comprising the Shenzhen Stock Exchange and the Shanghai Stock Exchange in May signed an agreement with DSE to acquire 25 percent of Bangladesh鈥檚 premier bourse and became its strategic investor, after Bangladesh Securities and Exchange Commission approved DSE鈥檚 proposal in this connection.
The BSEC approved the DSE鈥檚 strategic partnership, fixing each of 450,944,125 shares at a price of 21 taka (25 US cents), the regulator said on its website earlier.
鈥淭he transaction amounted to approximately 9.47 billion taka (US$120 million), and the Chinese consortium holds a total of approximately 450 million shares of the DSE, accounting for 25 percent of its total share capital,鈥 the consortium said in a statement.
DSE鈥檚 hunt for a strategic partner came as it turned into a demutualized stock exchange on November 21, 2013.
The Shenzhen and Shanghai bourses received DSE鈥檚 tender invitation in July 2017.
A DSE official earlier said that in consideration of all the aspects, the proposal of the Chinese consortium was the best offer in terms of value and technical support.
The bidding process also involved Indian, US and Turkish exchanges.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
