But the problem is that the direct listing privilege is afforded to government firms only. The direct listing of Best Holdings will not go ahead until all the issues are settled, the BSEC said in a recent letter. The SEC in a letter dated Dec 15 ordered the DSE to halt the process of direct listing of Best Holdings. A direct listing of Best Holdings will breach at least five sections of the rules under which the capital market operates, the securities regulator pointed out in the letter. Best Holdings wanted to sell 43,548,078 of Tk 10 shares at Tk 65 with Tk 55 premium to the general investors.

Source: bd News24 December 17, 2020 05:03 UTC