Dhaka, Bangladesh (BBN)- The Securities and Exchange Commission (SEC) has asked the Dhaka Stock Exchange to de-list four ‘Z’ category companies from the main bourses and send them to over-the-counter (OTC) market.
The SEC’s order will come into effect from October 20 this year, officials said.
The companies, which will be sent to the OTC market, are: Apex Weaving and Finishing Mills, Dhaka Fisheries, Monno Fabrics and Padma Cement.
The decision was taken at a meeting of the SEC’s market monitoring committee to send the companies traded in the ‘Z’ category for two years or more to the OTC market.
The four companies that have been sent to the OTC market are now out of operation, they added.
BBN/SSR/SI-06Oct10-10:54 am (BST)