The court ordered the DSE to dispose of Union Capital's application within Thursday. When the loan was defaulted on last year, the Union Capital initiated the confiscation and transfer of Salam's One Bank shares deposited against the loan. DSE CRO Khan declined comment on why it took more than two and a half months to dispose of the Union Capital's application. On Wednesday, One Bank shares were traded at Tk 24.2 per issue, meaning Salam's 4.77 million shares were worth over Tk 110 million. Union Capital started its journey by acquiring Peregrine Capital's Bangladesh operations when it closed businesses in the country in 1998.

Source: bd News24 October 25, 2017 19:30 UTC