Initial Public
Offer through the cancellation of the approval of the withdrawal of capital
from appollo ispat stock market Finance Minister AMA Muhith. Serious
irregularities of the Bangladesh Securities and Exchange Commission for the
capital withdrawal canceled (BSEC) letter by the Minister. BSEC Wednesday
morning sent a letter to the Bangladesh Bank, National Board of Revenue, banks
and financial institutions, and the Secretary of the Department of ICB 's been
sent. Depending on the sources of this information. The company sent a letter
to the chairman of the bankrupt Den Mohammad. Also to the investigation of the
irregularities of the AMA Muhith. Appollo Ispat and former managing director of the complaints in the
context of the decision taken by the Ministry of Finance has said.
Prior to approval of the capital increase the company's IPO process and a number of irregularities in the BSEC, ICB, sent a letter to the finance ministry. It has been indicated in the complaint examined canceled the company's IPO. The letter has been published by the Minister of alarm, IP is the capital of the Company resources can be moved. By complain been nearby Mac at the end of the decade, the premium for a company that can IPO. My unlucky that the lottery I just got something to share. The appollo ispat such an organization. It should also be investigated. Finance Minister mentioned in his letter, holders interest in shares across the board, the board of revenue debt, they have stolen the local L/C, he will collect information from the Bangladesh Bank and the organization's current business trade calculations should be investigated.
The letter also says, as the company NRB by bankrupt. The case is in progress. He said the matter came to his attention. The Minister also said that the letter referred to the victims of a fraud company.
The DSE president said Rakibur, BSEC their full power. The company's IPO will allow any company to suspend the IPO process depending. Prior to last year, 29 March BSEC the 4th Commission meeting at 425 appollo ispat company IPO application has been denied.
Providing false information in the application that the appollo ispat company Ltd. IPO Auditor, price fixing (Valued), issuer and necessary action against the decision has been issued by the manager. SEC action for a document for submission to the Enforcement section will provide guidelines to apply to the issue of capital.
BSEC 'Abul Kalam signed the letter to the manager of the IPO application has been denied for the reasons mentioned, others and the land which was submitted prospectus offer appollo ispat Land 14.7315 acres of the 157 assessed, 24 lakh 50 thousand crore taka (about) of 30 June, 2011 Complete financial report has shown.
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