The Bangladesh Securities and Exchange Commission (BSEC) has imposed prohibition on disbursement of loans for buying shares of CVO Petrochemical Refinery Ltd.
According to Chittagong Stock Exchange, the stockbrokers & merchant bankers are requested not to provide loan facilities to their clients against trading of the shares of CVOPRL from January 23, 2017, as per SEC Directive and BSEC Order dated October 27, 2015.
As the company is not in continuous operation for more than 6 (six) months, CVO Petrochemical Refinery will be placed in "Z" category from existing "A" category, the CSE news added.
The prohibition will be effective from January 23 in accordance with the regulation 2(z) of the Chittagong Stock Exchange (Settlement of Transactions) Regulations, 2013.
Latest News