Business Report :
The Bangladesh Securities and Exchange Commission (BSEC) has invited three major conglomerates – Meghna Group, City Group, and PHP Group – to list their companies on the stock exchanges.
The stock market regulator held a meeting on Monday at its headquarters in the capital, for which the commission issued a press release on Tuesday.
At the meeting, Mostafa Kamal, chairman and managing director of Meghna Group of Industries; Md Hasan, managing director of City Group; and Mohammed Akther Parvez, director of PHP Group, were present.
BSEC Chairman Khondoker Rashed Maqsood said, “The BSEC will continue to invite fundamentally-strong companies to enhance the quality stocks of the capital market. “The inclusion of such companies is expected to improve investors’ confidence by providing a broader selection of reliable stocks.”
He added, “These three groups have made significant contributions to the economy, with diverse business operations across several sectors. Listing of fundamentally-strong companies would offer investors access to a wider range of quality stocks.”
BSEC commissioners Md Mohsin Chowdhury, Md Ali Akbar, and Farzana Lalarukh were also present at the meeting. The BSEC said it will continue to invite fundamentally-strong companies to enhance the quality of the stock market.
“The inclusion of such companies is expected to improve investor confidence by providing a broader selection of reliable stocks,” said the stock market regulator.
