FE Report
Shares of state-run Jamuna Oil Company will make a debut on the Dhaka Stock Exchange (DSE) soon as formalities on its listing with the bourse have been completed.
State-owned Investment Corporation of Bangladesh (ICB), responsible for offloading the shares of public companies through the bourses, has already completed all procedures for starting the formal trading of Jamuna Oil Company shares.
Talking to the FE, ICB Managing Director Ziaul Haque Khandaker said he will submit the Information Document (ID) to the DSE for offloading 30 per cent shares of the total paid-up capital of the Jamuna Oil Company by the next two to three days.
Currently, the amount of the total paid-up capital of the Jamuna Oil Company stood at Tk 450 million after enhancing it from the company's reserve fund, he said.
Khandaker said although the company is scheduled to start its formal trading on the bourses at the end of the current month, but it cannot maintain the timeframe for the delay in procedures.
"But, the formal trading of the company will start on the bourses in the early part of the next month (November). The ICB hopes that the formal trading of the Meghna Oil Company will also start soon as the work for offloading of this (Meghna) company has been progressing fast," Khandaker said.
The face value of Jamuna Oil Company share might be Tk 10.0, he said adding that the company shares enter the market through direct listing method.
ICB sources said process has been started for offloading the shares of the state-owned Bangladesh Shilpa Rin Sangstha (BSRS), Titas Gas Company Limited and Jamuna Multipurpose Bridge (JMB).
Jamuna Oil shares to make debut on DSE soon
FE Team | Published: October 18, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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