RegAlertEnforcement · BSEC · 12 Jan 2021
Directive to Transfer United Airways Shares to OTC Market
The Bangladesh Securities and Exchange Commission directs the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd. to transfer the shares of United Airways (BD) Ltd. from the Main Market to the Over-the-Counter (OTC) Market. This action is taken due to high risk levels caused by market price volatility and weak fundamentals to protect investor interests. The directive takes immediate effect.
BANGLADESH SECURITIES AND EXCHANGE COMMISSION Securities Commission Bhaban E-6/C Agargaon, Sher-e-Bangla Nagar Administrative Area, Dhaka1207, Bangladesh
No. BSEC/Surveillance/2020-975/174
January 12, 2021
DIRECTIVE
In exercise of the power conferred by section 20A of the Securities and Exchange Ordinance, 1969 (XVII of 1969), considering high risk level due to volatility of market price and weak fundamentals, the Bangladesh Securities and Exchange Commission hereby directs the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd. to transfer the shares of United Airways (BD) Ltd. from the Main Market to the Over-the-Counter (OTC) Market for transaction to protect the interest of the investors:
This directive shall have immediate effect.
By order of the Bangladesh Securities and Exchange Commission
(Signature)
Professor Shibli Rubayat-Ul-Islam Chairman
"মুজিববর্ষের অঙ্গীকার উন্নয়ন-অর্থায়নের উৎস হবে পুঁজিবাজার" Phone (PABX) : +88-02-55007131-2 Fax : +88-02-55007106 E-mail : info@sec.gov.bd Web : www.sec.gov.bd
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- Issued under
- Securities and Exchange Ordinance, 1969 (XVII of 1969)Not in RegAlert
“In exercise of the power conferred by section 20A of the Securities and Exchange Ordinance, 1969 (XVII of 1969)”
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