Shares of Sonali Ansh Industries Limited, listed on the capital market, have suddenly disappeared. The shareholding information of the company listed on the website of the country’s main stock exchange, Dhaka Stock Exchange (DSE), shows zero shares. The sudden disappearance of the company’s shares has created panic among investors. However, there has also been a debate about how shares are being traded on every working day of a company that does not have a single share.
This information has been learned from relevant and DSE sources.
According to the source, the listed company Sonali Ansh has published its latest shareholding information on June 30, 2024. It shows that the company does not have any shares. According to the latest information, the shareholding of the company’s entrepreneurs and directors, institutional, foreign and even general investors is shown as zero percent. Accordingly, the company does not have a single share. General investors have expressed concern over this. However, company sources told Media that the entrepreneurs-directors of the company have 30 percent. But as of March 31, 2023, the entrepreneurs-directors of the company had 50.78 percent of the shares.
When asked about this, Sonali Ansh Industries Limited’s Company Secretary Md. Habibur Rahman Khan told Media, the DSE website is run by the DSE authorities. I cannot say why the company’s shares are shown as zero there. DSE can say that. However, 30 percent of the company’s total shares are owned by entrepreneur directors. And 14 percent by institutional investors and the remaining shares by general investors.
When asked about this, Dhaka Stock Exchange (DSE) Public Relations Officer Shafiqur Rahman told Media that he will talk to the relevant department and inform them.
In this regard, Mohammad Rezaul Karim, Executive Director and Spokesperson of the regulatory body Bangladesh Securities and Exchange Commission (BSEC), told Media that the commission will take immediate action if the truth is found.
General investors say that the company’s shares have suddenly disappeared. They are worried about the information that the company does not have a single share. They do not understand why this happened. If there are no shares according to the DSE information, then how are the company’s shares being traded? This could be a new cycle trying to take advantage.
According to DSE sources, there has been a change in the shareholding of Sonali Ansher in the year ended June 30, 2024. This has led to discussions and criticism among general investors and those involved in the capital market. Earlier, on March 31, 2023, the shares of the entrepreneur directors in the company were 50.78 percent, institutional investors had 5.63 percent, and general investors had 43.59 percent. At that time, there were no government or foreign investors in the company. However, at the end of the year, it was shown that the company had no shares.
