BSEC seeks revised proposal from Chinese consortium

The Bangladesh Securities and Exchange Commission yesterday looked for a reexamined proposition from the Chinese consortium for 25 percent stakes of the Dhaka Stock Exchange to oblige every one of the alterations the share trading system controller had recommended. 

According to the BSEC's proposals, the consortium of Shanghai Stock Exchange and Shenzhen Stock Exchange has consented to pull back the greater part of its terms and conditions as they repudiated the traditions that must be adhered to and were not to the greatest advantage of the DSE general investors. 

The stock exchange controller now needs them on the official report that would be agreed upon. 

"We will do everything to comply with the controllers' guidelines," said KAM Majedur Rahman, overseeing chief of the DSE. 

The Dhaka bourse will hold an executive gathering and an uncommon general gathering soon on the issue, he included. 

The Chinese consortium proposed to buy 45 crore offers of the DSE for Tk 22 each and turn into its vital accomplice. It likewise offered specialized help worth $37 million (about Tk 300 crore). 

In return, it looked for a seat at the DSE board and guaranteed that it won't request any arrival on its venture for a long time. 

The proposition bested the other on the table from a consortium drove by the National Stock Exchange of India notwithstanding some last-minute intense campaigning by Vikram Limaye, overseeing executive and CEO of the NSE. The Indian consortium offered to buy a similar number of offers however for Tk 15 each. It likewise offered specialized help yet did not give a money related esteem. 

In return, it needed two seats at the DSE board. 

The chase for a vital accomplice of the DSE has been continuing for over two years; the scene saw the DSE at loggerheads with the BSEC over the determination of the vital accomplice. 

Yesterday's advancement left speculators anxious, dragging the DSEX, the benchmark general record of the DSE, around 57.93 focuses.