SS Steel extends IPO until April next year

The board of directors of SS Steel Company Ltd has decided and proposed to extend the initial public offering (IPO) proceeds utilization and implementation time up to April 2021, due to the Covid-19 pandemic.

The information was confirmed on the website of the Dhaka Stock Exchange (DSE) on Sunday.

However, the proposal is subject to approval by shareholders in an extraordinary general meeting (EGM) and subsequently will require to obtain approval of the Bangladesh Securities and Exchange Commission (BSEC).