Refund of Golden Son IPO applicants to be credited within Jan 6
Thursday, 31 December 2009
FE Report
The refund warrants of the unsuccessful applicants of Golden Son Limited (GSL) Initial Public offering (IPO) will be credited within January 6, as the SEC chairman has talked with the concerned bank authorities to do it as early as possible.
"The Securities and Exchange Commission (SEC) chairman has talked with the bank authorities over telephone to finish the refund warrant distribution process as early as possible," SEC executive director ATM Tariquzzaman told the FE.
According to the GSL authority, all the refund warrants have been sent to the banks within December 17, but a few banks have not yet started to credit the refund warrants to the applicants' accounts.
However, Prime Bank Limited and Southeast Bank Limited have started doing it from Wednesday.
"We were compelled to pay Tk 10 per applicant to the banks for credit refund, though the refund money is being credited to the accounts of their own clients. GSL paid about Tk 3.0 million to Islami Bank and Standard Chartered Bank for this purpose.
The refund warrants of the unsuccessful applicants of Golden Son Limited (GSL) Initial Public offering (IPO) will be credited within January 6, as the SEC chairman has talked with the concerned bank authorities to do it as early as possible.
"The Securities and Exchange Commission (SEC) chairman has talked with the bank authorities over telephone to finish the refund warrant distribution process as early as possible," SEC executive director ATM Tariquzzaman told the FE.
According to the GSL authority, all the refund warrants have been sent to the banks within December 17, but a few banks have not yet started to credit the refund warrants to the applicants' accounts.
However, Prime Bank Limited and Southeast Bank Limited have started doing it from Wednesday.
"We were compelled to pay Tk 10 per applicant to the banks for credit refund, though the refund money is being credited to the accounts of their own clients. GSL paid about Tk 3.0 million to Islami Bank and Standard Chartered Bank for this purpose.