FE Today Logo

Chinese consortium, DSE ink share purchase deal today

Strategic partnership

FE Report | May 14, 2018 00:00:00

Dhaka Stock Exchange (DSE) will sign the much-talked-about share purchase agreement with the Chinese consortium, comprising Shenzhen Stock Exchange and Shanghai Stock Exchange, today (Monday) for making the latter its strategic partner.

The share purchase agreement will be signed at a city hotel in presence of Finance Minister A M A Muhith.

Wang Jianjun, president and CEO of Shenzhen Stock Exchange, and Pan Xuexian, chair of supervisory of Shanghai Stock Exchange, will sign the agreement on behalf of the Chinese exchanges.

On the other hand, DSE Managing Director K A M Majedur Rahman will sign the agreement on behalf of the premier bourse.

Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor M Khairul Hossain, DSE Chairman Professor Abul Hashem and other top bosses of the securities regulator and the bourse will be present at the signing ceremony.

After signing the share purchase agreement, the Chinese consortium will hold 25 per cent or above 450.94 million shares of DSE. As per the regulatory approval, the consortium will purchase the DSE's shares at a price of Tk 21 each.

[email protected]

Share if you like