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The Financial Express

Sonali Paper trading resumes today

| Updated: July 27, 2020 10:01:39


Sonali Paper trading resumes today

The share trading of Sonali Paper & Board Mills will resume today (Sunday) as the securities regulator has approved the company's re-listing with the stock exchanges.

The company's share trading will resume on the main boards of both the bourses subject to one year lock-in to be imposed on the shares of the company's existing directors.

The Bangladesh Securities and Exchange Commission (BSEC) issued a directive in this regard on Thursday.

After remaining in the over-the-counter (OTC) market since 2009, the trading of the shares of Sonali Paper & Board Mills was supposed to resume on July 2 with a price of Tk 273 per share.

But the securities regulator halted the decision of resuming trading with a view to scrutinise the company's profile again to avoid criticism over the high price of shares compared to that of other companies.

Finally, the securities regulator on Thursday issued the directive in favour of Sonali Paper & Board Mills.

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