Dhaka Stock Exchange (DSE) 18 May approved listing proposal following a meeting with the newly appointed SEC’s Chairman. The DSE directors’ board has finally approved the listing proposal of MI Cement .
The company will make debut in DSE on 22 May, 2011. SEC has given waiver in the first 6 months as lock-in period for shares of directors’ portion. According to the existing law, manufacturing company sponsor portion has a lock- in period of 3 years from the date of listing. Each indicative share price has been fixed at BDT 111.60 against face value of BDT 10 each.
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