Appellate Division to hear petition Aug 13

The Chamber Judge's court in the Supreme Court on Thursday sent a petition of investors on Orion Pharma placement shares to full bench of the Appellate Division for hearing on August 13, court sources said.
Chamber Judge Justice Hasan Foez Siddique passed the order after hearing arguments from counsels representing the company and the investors.
Two investors went to the Appellate Division on Wednesday against a recent order of the High Court (HC) that stayed the securities regulator's directive on settlement of the issue.
HC recently stayed the directive of Bangladesh Securities and Exchange Commission (BSEC) that asked the listed pharmaceutical company to settle the issue with the respective investors.
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