But the problem is that the direct listing privilege is afforded to government firms only, reports bdnews24.com. 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 had earlier received a letter purportedly signed by Finance Minister Kamal recommending an amendment to the rules of direct listing without naming Best Holdings. 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.

Source: bd News24 December 17, 2020 06:33 UTC