The securities regulator has formed three bodies to prepare reports on
launching derivative market, clearing corporation and commodity market,
officials said.
The Bangladesh Securities and Exchange Commission (BSEC) has also approved the IPO (initial public offering) proposal of the Khulna Printing and Packaging which will raise a fund worth Tk 400 million under fixed price method.
The decisions were taken at a commission meeting held at the office of the securities regulator.
As per the regulatory decision, the committee, headed by the BSEC Executive Director Farhad Ahmed, will submit its report considering overall issues of establishing a derivative market.
The BSEC Executive Director Mohammad Saifur Rahman has been made the convener of another three-member body which will submit its report on launching of the clearing corporation.
Another BSEC Executive Director Mahbubul Alam has been made the convener of three-member body which will prepare report on as to how the commodity market can be launched.
As per the regulatory approval, the Khulna Printing and Packaging will offload 40 million ordinary shares at an offer price of ten taka each to raise a fund worth Tk 400 million to boost current capital and repay the term loans.
In accordance with the financial statement for the year ended on June 30, 2013, the company's earning per share (EPS) and net asset value (NAV) are Tk 2.82 and Tk 24.26 respectively.
At Tuesday's meeting, the securities regulator has fined Southeast Bank Capital Services Tk 0.2 million for breaching securities rules by providing margin loans against the non-marginable securities.
The Bangladesh Securities and Exchange Commission (BSEC) has also approved the IPO (initial public offering) proposal of the Khulna Printing and Packaging which will raise a fund worth Tk 400 million under fixed price method.
The decisions were taken at a commission meeting held at the office of the securities regulator.
As per the regulatory decision, the committee, headed by the BSEC Executive Director Farhad Ahmed, will submit its report considering overall issues of establishing a derivative market.
The BSEC Executive Director Mohammad Saifur Rahman has been made the convener of another three-member body which will submit its report on launching of the clearing corporation.
Another BSEC Executive Director Mahbubul Alam has been made the convener of three-member body which will prepare report on as to how the commodity market can be launched.
As per the regulatory approval, the Khulna Printing and Packaging will offload 40 million ordinary shares at an offer price of ten taka each to raise a fund worth Tk 400 million to boost current capital and repay the term loans.
In accordance with the financial statement for the year ended on June 30, 2013, the company's earning per share (EPS) and net asset value (NAV) are Tk 2.82 and Tk 24.26 respectively.
At Tuesday's meeting, the securities regulator has fined Southeast Bank Capital Services Tk 0.2 million for breaching securities rules by providing margin loans against the non-marginable securities.
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