Under the existing legal framework, the direct listing privilege is only afforded to government firms. The letter did not mention Best Holdings. The direct listing of Best Holdings will not go ahead until all the issues are settled, the BSEC said in a recent letter. The direct listing of Best Holdings was included as an additional agenda for the 983rd meeting of the DSE board of directors which was scheduled for Thursday. 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.

Source: bd News24 December 17, 2020 13:13 UTC