The officials of the telecom firm, the second largest in Bangladesh in terms of subscribers, will have to appear at the commission in Dhaka’s Agargaon at 12:30pm on Tuesday.
Mohammad Rezaul Karim, an executive director of the SEC, confirmed the development to bdnews24.com on Monday night, hours after Robi disclosed its decision.
The newly listed telecom firm published a summary of its audited financial statements approved by its board of directors for the year 2020 on its website on Monday.
The company’s earnings per share surged more than eight times year-on-year to 0.33 taka in 2020, but it did not announce dividends for the year in a move that disheartened the investors.
Farhan Fardaus,
bdnews24.com
Published: 20 Jan 2021 10:39 AM BdST
Updated: 20 Jan 2021 10:39 AM BdST The new rules stipulate a new condition that an investor must have a minimum of Tk 20,000 investment in the secondary market to apply for IPO shares. The market regulator says the new system aims to encourage long-term investment.
The Bangladesh Securities and Exchange Commission has changed the IPO rules to scrap the lottery system. That means the shares will be distributed among all applicants in a proportionate rate from April under the new rules. );
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Why has the SEC chosen this system? Market analysts say the new system will augur well for the stock market by preventing irrational share price hikes.