20 OTC market companies shifted to ATB of bourses

A total 20 over-the-counter market companies have been shifted to Alternative Trading Board of the country’s stock exchanges.

Bangladesh Securities and Exchange Commission recently gave the green signal to 20 companies to get shifting to the Alternative Trading Board (ATB).

The companies are: Bangla Process Industries, Dandy Dyeing, Dynamic Textile Industries, Metalex Corporation, Mita Textiles, Modern Cement, Modern Industries, Mona Food Products, Perfume Chemical Industries, Petro Synthetic Products, Pharmaco International, Quasem Silk Mills, Quasem Textile Mills, Raspit Inc. Bd, Rose Heaven Ball Pen, Saleh Carpet Mills, Sreepur Textile Mills, Therapeutics (Bangladesh), United Air and Jago Corporations Limited.

Shares of the low-performing listed companies now being traded under the OTC market. Among some company, which public shareholding position is big to be traded on ATB. The companies are waiting for the approval from the board meetings of the Dhaka Stock Exchange and the Chittagong Stock Exchange.