The Bangladesh Securities And Exchange Commission has sought clarification from the Dhaka Stock Exchange on the proposed strategic partnership with a Chinese consortium. A DSE official seeking anonymity said the commission had found several inconsistencies in the Chinese proposal conflicting with Bangladeshi laws, and asked the DSE to explain them. In their proposal, the Chinese consortium proposed to buy 450 million or 25% shares of the DSE at a rate of Tk22 each. NSE offered Tk15 per share for the same number of shares and demanded two seats on the DSE board. The DSE board said it considered the Chinese offer the best in terms of value and technical support.

Source: Dhaka Tribune February 27, 2018 18:33 UTC