In its application to the stock market regulator on November 12, it was mentioned that RACE Portfolio and Issue Management Company and ICB Capital Management were the issue managers for the direct listing. Dhaka Tribune contacted Amin Ahmad, chairman of Best Holdings, Hasan Imam, chief executive officer of RACE Asset Management, and Md. Best Holdings, which has diversified interests ranging from agro-business to infrastructure development, hospitality to advertising, is 70.4 per cent owned by individuals and private entities. Best Holdings was due to get the green light at the 983rd meeting of the board of directors of the DSE on Thursday. Subsequently, the issue of direct listing of Best Holdings was dropped from the agenda of the board meeting yesterday, an independent director of the bourse told Dhaka Tribune.

Source: Dhaka Tribune December 19, 2020 18:33 UTC