foreign funds

DSE gets fund from Chinese strategic partner ‘in a week’

MNA Business Desk: The Dhaka Stock Exchange (DSE) is set to receive the fund from its Chinese strategic partner, which is a consortium of two stock exchanges, within a week against the DSE’s shares sold to the partner.

The Bangladesh Securities and Exchange Commission (BSEC) approved the proposal made by the Chinese consortium for being a strategic partner of Bangladesh’s premier bourse on May 3 last.

As per the BSEC approval, the DSE has sold its 25 per cent stake or more than 450.94 million shares to the Chinese consortium comprising Shenzhen Stock Exchange and Shanghai Stock Exchange.

Minhaz Mannan Emon, a DSE director, said the Bangladesh Bank already approved the Ron-Resident Investors Taka Account in which the fund from the Chinese consortium will be received, reported news agency.

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