Dhaka, Bangladesh (BBN)– Securities of nine companies, sent to the over-the-counter (OTC) market on October 1, are expected to come back to the main board of the Dhaka Stock Exchange as the market regulators approved their applications for dematerializing their shares.
The companies are Alltex Industries, Anlima Yarn, Bangladesh Services, Renwick Jajneswar, Northern Jute, Samata Leather, Modern Dyeing, Shympur Sugar and Zeal Bangla Sugar.
“Nine companies have already started process to be listed on the Central Depository of Bangladesh to convert their paper shares into electronic shares after they got approval from the Securities and Exchange Commission recently,” an official of the DSE was quoted by the New Age, a local newspaper, as saying.
The DSE authorities de-listed 25 companies on October after the companies failed to convert their paper shares into electronic shares by the September 30 deadline.
The demat process of the nine companies will be completed by October 27 this year, the Central Depository of Bangladesh Limited (CDBL) officials confirmed.
BBN/SSR/SI-17Oct10-1:15 pm (BST)
