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United Air shareholders on the verge of losing everything


United Air shareholders on the verge of losing everything
Regulator delists defunct airline for stock price volatility, weak fundamentals
Stock investors of United Airways who own 95 per cent of the shares of the defunct airline have been left high and dry after the regulator delisted the company from the main trading board of the exchanges.
In a directive on Tuesday, the Bangladesh Securities and Exchange Commission (BSEC) ordered the Dhaka and Chattogram stock exchanges to transfer the company to the over-the-counter board from the main trading board.
The bourses yesterday said they had already transferred the company to the OTC market. ....

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