The Bangladesh Securities and Exchange Commission (BSEC) has summoned 22 companies for hearing to improve the performance of ‘Z’ category companies listed on the stock exchange. Earlier, the company had asked them to submit proposals with appropriate business strategies and related work plans.
The commission has sent letters to 22 of the 42 companies in the Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE) and Z category on Thursday asking them to take part in the hearing.
The companies are: Shampur Sugar, Jhilbangla, Al-Hajj Textile, Aramit Cement, Bangladesh Service, Beach Hatchery, Bangladesh Industrial Finance, Delta Spinners, Dulamia Cotton, Fareast Finance, Generation Next, ICB Islami Bank, Imam Button, Imam Button, Life Insurance, Prime Finance, Savar Refractories, Shinepukur Ceramics, Sunlife Insurance, Tallu Spinning, Union Capital and Osmania Glass Sheet Factory Limited.
According to sources, the commission has summoned all the companies that have been deteriorating over the last few years. The commission has called the company for hearings twice a day. The hearing will ask why the company is in this situation. What are their plans for the future?
In this regard, the spokesperson of the commission Mohammad Rezaul Karim told that they have been called to improve the performance of the ‘Z’ category companies listed in the capital market. Talking to the companies, the commission will take the next step.