DSE approves sector changes of CVO Petrochemical

Dhaka, Bangladesh (BBN)- The Board of Directors of Dhaka Stock Exchange (DSE) has approved the sector change of CVO Petrochemical Refinery Ltd. from “Food and Allied” to “Fuel and Power” sector with effect from tomorrow (Monday), officials said.

“The Board of Directors of DSE has approved the sector change of CVO Petrochemical Refinery Ltd. from “Food and Allied” to “Fuel and Power” sector with effect from May 12, 2014 as the company has changed its business pattern from vegetable oil to petrochemical refinery plant and commenced its commercial operation thereof,” said a company statement posted on the DSE website on Sunday.

The Company will be placed in “A” category from existing “Z” category with effect from tomorrow (Monday) as the Company has started its commercial operation, said the DSE statement.

BBN/BB/SI-11May14-11:51 am (BST)

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