Extension of trading suspension of Zeal Bangla Sugar Mills Limited

BANGLADESH SECURITIES AND EXCHANGE COMMISSION
Securities Commission Bhaban
E-6/C Agargaon, Sher-e-Bangla Nagar
Administrative Area, Dhaka1207, Bangladesh

No. BSEC/MSI/2020-988/137 October 14, 2020

Order

Whereas, the Bangladesh Securities and Exchange Commission has observed unusual transactions and movement of price in shares of Zeal Bangla Sugar Mills Limited in the Dhaka Stock Exchange Limited; and

Whereas, the Commission is of the opinion that it is necessary in the interest of trade and in the public interest to extend the suspension period of trading of shares of the said company in the Dhaka Stock Exchange Limited imposed vide its order No. BSEC/Surveillance/2018-912/120 dated September 14, 2020;

Now, therefore, the Bangladesh Securities and Exchange Commission, in exercise of power conferred on it under section 9(8) of the Securities and Exchange Ordinance, 1969 (XVII of 1969), hereby directs the Dhaka Stock Exchange Ltd. to extend the suspension period of the trading of shares of Zeal Bangla Sugar Mills Limited by further 15 (fifteen) days.

This order shall be effective from October 15, 2020.

By order of the Bangladesh Securities and Exchange Commission

(Signature)

Professor Shibli Rubayat-Ul-Islam
Chairman

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