BSEC allows Simtex IPO subscription

The Bangladesh Securities and Exchange Commission (BSEC) yesterday permitted Simtex Industries to reopen subscription of its IPOs (initial public offerings), reports BSS.
The commission earlier on August 24 postponed the subscription of IPOs of the company due to ‘unavoidable circumstances’. But the decision was revised at the meeting of the BSEC yesterday, allowing the company reopen the subscription from September 6 to September 14.
The BSEC at the meeting also approved a Tk-500 crore Infrastructure and SME Zero Coupon Bond of the IDLC Finance Company. The unit price of the 5-year bond will be Tk 10 lakh.
The commission also fined Western Securities Investment Management Limited Tk 10 lakh for non-compliance of some rules and regulations in dealing with margin loans and submitting necessary documents to support its spending.
Island Securities Limited was also fined Taka two lakh for not following rules and regulations.

BSEC allows Simtex IPO subscription

The Bangladesh Securities and Exchange Commission (BSEC) yesterday permitted Simtex Industries to reopen subscription of its IPOs (initial public offerings), reports BSS. The commission earlier on August 24 postponed the subscription of IPOs of the company due to unavoidable circumstances. But the decision was revised at the meeting of the BSEC yesterday, allowing the company reopen the subscription from September 6 to September 14. The BSEC at the meeting also approved a Tk-500 crore Infrastructure and SME Zero Coupon Bond of the IDLC Finance Company. The unit price of the 5-year bond will be Tk 10 lakh. The commission also fined Western Securities Investment Management Limited Tk 10 lakh for non-compliance of some rules and regulations in dealing with margin loans and submitting necessary documents to support its spending. Island Securities Limited was also fined Taka two lakh for not following rules and regulations.