MI Cement receives further rejection from DSE, Bangladesh

MI Cement receives further rejection from DSE, Bangladesh
Published: 04 May 2011

The board of directors of Dhaka Stock Exchange (DSE) in Bangladesh has once again rejected MI Cement’s listing application and decided to appeal to the capital market regulator to reconsider its earlier issued directive.



The market watchdog, the Securities and Exchange Commission (SEC),
earlier directed the bourse to allow MI Cement listing considering investors’ interest.



In response to the SEC directive, the DSE board at a meeting decided Tuesday to appeal to the SEC requesting not to ask for MI Cement listing and also to make proper arrangements to refund money of primary shareholders.