The trading in MJL Bangladesh shares begins on Dhaka Stock Exchange on Sunday, ending six months of uncertainties, as the company on Wednesday completed all the procedures for getting listed with the bourse.
DSE officials said the company was allowed to be listed with the bourse after it had completed all the procedures to refund its primary shareholders Tk 37.40 for each share.
The company, which took Tk 152.40 for every share from its shareholders in January, was forced to cut the price to Tk 115 on June 1 after the DSE had declined to list it with such 'over-priced' scrip.
The company's primary shareholders paid Tk 15,240 for a lot of 100 shares.
MJL Bangladesh floated the initial public offering on January 2 under the currently suspended book-building method.
Source : New Age
