BSEC plans to delist 8 more OTC cos under exit scheme
25 cos to be sent to alterative trading board, 15 others to SME platform
Mostafizur Rahman | Published: 22:49, Apr 03,2021
A file photo shows the front view of Bangladesh Securities and Exchange Commission building in the capital. The Bangladesh Securities and Exchange Commission has moved to delist eight more companies trading on the over-the-counter market after repaying general investors’ claims as per the commission’s exit plan directive. New Age photo
The Bangladesh Securities and Exchange Commission has moved to delist eight more companies trading on the over-the-counter market after repaying general investors’ claims as per the commission’s exit plan directive.
Gamblers are going to play with the company, he said on condition of anonymity. On the other hand, the market regulators recent steps to enable a rebound of their performance also instigated me, the investor added. The Bangladesh Securities and Exchange Commission (BSEC) has taken the initiative to restructure companies whose performance is below par.
Till date, the BSEC has replaced boards of directors of six listed junk companies Emerald Oil, C&A Textiles, Ring Shine Textiles, United Airways, Familytex (BD) and Alhaj Textile Mills.
Market analysts believe that investors are misinterpreting the regulators steps, which could blow up their portfolios.
Why a Bangladesh plane that made emergency landing in 2015 is still stuck in Raipur
After years of back and forth with Bangladesh s United Airways, AAI in January began legal process to evict aircraft, which has notched up Rs 1.25 crore in parking dues.
Taran Deol 12 March, 2021 3:48 pm IST Text Size:
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New Delhi: Around 7 pm on 7 August 2015, an aircraft of United Airways, a now-defunct Bangladeshi airline, made an emergency landing at Raipur’s Swami Vivekanand airport after an engine failure on its way from Dhaka to Muscat.
Over five and a half years later, the McDonnell Douglas MD 83 continues to occupy one of the eight parking bays at the Raipur airport. It has notched up parking dues to the tune of Rs 1.25 crore, but no one from the company has arrived to fly it back home despite repeated communications from the Airports Authority of India (AAI).
Express News Service
RAIPUR: It’s been over five years for a Bangladesh-based United Airways plane that made an emergency landing at Raipur and the airport authorities apparently seems perplexed as they await feedback to their series of communication sent to officials of the private carrier and the neighbouring country for its take-off from the Chhattisgarh capital.
Besides the letters and the sequence of e-mails to civil aviation authorities of the neighbouring country Bangladesh, the Airport Authority of India (AAI) Regional Headquarter (RHQ) contacted Bangladesh High Commission in Kolkata on September 2 last year.
“But so far we haven’t received any concrete response or information from them as the Bangladesh aircraft remains parked since August 2015 and yet to be attended for its take-off. Though, we have been consistent in our communication”, said Rakesh Sahay, the Raipur Airport Director.
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