Business News

Block module for sale of shares of sponsors and directors

The stock market regulator yesterday approved a module of the Central Depository Bangladesh Ltd (CDBL) to keep the stocks and mutual fund unit owned by sponsors, directors and placement shareholders of listed companies blocked.

They are allowed to sell their shares through giving declaration in a proper way and paying taxes. CDBL has trained all the related officers of listed companies, asset management companies and stock exchanges so that they can use the module easily.

Source: The Daily Star, 15.05.2019