Desk Report: The Dhaka Stock Exchange (DSE) will formally transfer 25 per cent of its shares to its Chinese strategic partner tomorrw next on receipt of the stipulated amount of fund, reports Financial Express.
On the same day, the DSE and the Chinese consortium comprising Shenzhen Stock Exchange and Shanghai Stock Exchange will hold a joint press briefing at a city hotel.
Officials at the DSE said a delegation of the Chinese consortium is scheduled to arrive in Bangladesh tomorrow (Sunday).
“The joint press briefing will be held after completing necessary formalities regarding transfer of shares to the strategic partner,” said Minhaz Mannan, a DSE director. The Chinese consortium became the strategic partner of the country’s premier bourse after signing a share purchase agreement on May 14 last. As per the demutualisation scheme, a representative of the strategic partner will sit on the board of the DSE. The Bangladesh Securities and Exchange Commission (BSEC) approved the proposal made by the Chinese consortium for being a strategic partner of Bangladesh’s premier bourse on May 03 last.