Salvo Chemical MD to Buy Shares Worth BDT 21.4 Million

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Salvo Chemical MD to Buy Shares Worth BDT 21.4 Million

The Managing Director (MD) of the listed company Salvo Chemical Industries PLC has announced a share purchase.

On Thursday (December 18), the company’s MD, Md. Salam Obaidul Karim, announced that he would purchase 700,000 shares of the company. Based on the previous trading day’s closing price, the market value of these shares is BDT 21,490,000.

This information was obtained from sources at the Dhaka Stock Exchange (DSE).

He will complete the announced share purchase in the DSE’s public or block market within the next 30 trading days.

Meanwhile, today he completed the purchase of 440,000 shares, valued at BDT 13,580,000. He had initially announced this share purchase on December 11.

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