25 firms given one-month time to hold 30% of shares

The Bangladesh Securities and Exchange Commission (BSEC) has given 25 listed companies a one-month time to hold 30 percent of shares of entrepreneurs and directors within the next one month.

A letter in this regard was sent to the managing directors (MD) of the companies on Monday.

The letter said that in case of failure to hold the shares within the next one month, necessary action will be taken as per the law.

The matter has also been brought to the notice of the managing directors of Dhaka Stock Exchange, Chittagong Stock Exchange and Central Depository of Bangladesh Limited (CDBL).

The companies that failed to hold 30 percent of the shares are: Shurwid Industries, Salvo Chemical Industries, Ratanpur Steel Re-Rolling Mills (RSRM), Prime Insurance Company, Mithun Knitting & Dyeing, Olympic Accessories, Pharma Aids, C & A Textiles, Delta Spinners, Kattali Textile, Central Pharmaceuticals, Aziz Pipes, Appollo Ispat Complex, Alhajj Textile Mills, Agni Systems, Advant Pharma, Active Fine Chemicals, Fareast Islamic Life Insurance, Fu-Wang Foods, Generation Next Fashion, Information Services Networks, Familytex BD, Fine Foods, Fu-Wang Ceramic Industries and Fas Finance and Investment.