Standard-Bank-Limited

Member of Dhaka Stock Exchange (DSE), MH Chowdhury Securities Limited has been sold to Standard Bank Limited at the price of 32 crore and 2 lac taka.Dse chairman Rokibur Rahman confirmed that, Standard Bank Limited won the bid and bought the broker house from it’s previous owner MH Chowdhury.Due to mismatch found in customer’s account and securities, Dse authorities suspended all kind of transaction of MH Chowdhury Securities Limited on 13 march for an indefinite period.Later, on 10th may chairman of the company MH Chowdhury confessed its inability to repayment all due money and securities of their customers.Following the law of securities owner of the broker house MH Chowdhury applied to the respective authoroties to sell the membership of the house in order to pay all due amount of its customers.Seven companies attended the auction and submitted their tenders to buy the broker house.Among them, Standard Bank was the highest bidder with an amount of 32 crore and 2 lac.

Related Posts via Categories

• New index will be started on DSE from next Monday.
• BSEC formed Investigation commission to inquiry rumor spread through mobile sms regarding the future price of Beximco and GBB Power.
• SEC turned on the Surveillance Software today to prevent any trade manipulation.
• SEC extended the third quarter financial report submission time of Bank sector.
• Cabinet approved finally the draft bill “The Exchanges Demutualisation Act-2012″.
• Ammendments of Security and Exchange Commission act 2012 has been finally approved by cabinet.
• Some website link of DSE listed company on the DSE website shows error.
• Dhaka Stock Exchange website dsebd.org was slow in the morning.
• Margin loan ratio will be reduced from 1:2 to 1:0.5
• Draft of Demutualisation Act approved by SEC