United Commercial Bank (UCB), a corporate sponsor of National Housing Finance PLC, has announced plans to sell its entire stake of 563,562 shares in the listed company through the public market.
According to information from the Dhaka Stock Exchange (DSE), UCB currently holds 563,562 shares of National Housing Finance and has decided to sell all of them.
The bank plans to complete the sale within 30 trading days from the date of the announcement.
The disclosure is considered significant information for investors in the capital market, as the sale involves the entire shareholding held by a corporate sponsor of National Housing Finance.
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