Roadshow for strategic investor by CSE

Chittagong Stock Exchange Ltd (CSE), the pioneer bourse in Bangladesh arranged a grand Roadshow to create awareness and bringing in potential strategic investors/partners on 25 April, 2017 at the Radisson Blu Dhaka Water Garden Hotel. The event started at evening with the welcoming note of CSE Chairman Dr. A. K. Abdul Momen.

In the year 2013 CSE was converted into a demutualized Exchange as per the Exchanges Demutualization Act, 2013. The main consequences of demutualization of CSE are Conversion RoadShow 25 April 2017from Not-for-Profit status to For-Profit organization, Separation of Management from the Ownership, Separation of Shareholding and TREC (Trading Right Entitlement Certificate) holding. As per Exchanges Demutualization Act 2013 of Bangladesh and Demutualization Scheme of CSE, 60 percent shares of initial shareholders have been kept in a separate blocked account and will be allotted to a strategic investor, general public and financial institutions. CSE is in a position to transfer of 25 percent of its paid up shares out of this blocked shares to potential Strategic Investors.

CSE Managing Director Mr. M. Shaifur Rahman Mazumdar, FCA, FCMA made a detailed technical presentation of CSE’s strengths, future plan, projected financials and valuation. During the presentation he also mentioned that CSE is maintaining wide exposure to international and regional exchanges through different forums. CSE is the pioneer of many new concepts in Bangladesh capital market which includes – automation of the trading system, establishment of central depository system, securities training institute, internet and mobile trading system, etc. It has huge networking opportunities for establishing new products and services like derivatives market, commodities exchange, clearing corporation, development of the bond market, Exchange Traded Funds, etc. At present establishment of National Clearing Corporation, ETF and platform for Small and Medium Enterprises are in the pipeline.

Among others Managing Director and Senior representatives from national and international banks, merchant banks, business conglomerates and group of companies and Head of different foreign mission (Ambassadors/High Commissioners/Head Consults) in Bangladesh where also presents in the CSE program.

After technical presentation a lively discussion was held between the participants and CSE Senior Management.

CSE Chairman Dr. A. K. Abdul Momen in his concluding remarks said that, CSE is looking for a suitable strategic partner to consorting with its internal strengths and recourses for the upcoming development projects and bringing in new products and services of international standard to the capital market of Bangladesh. He also mentions that Bangladesh is now a lucrative destination for global investment; especially its capital market has enormous potentials to grow with its growing economy. Chittagong Stock Exchange stands to be a better choice to invest because of its growing size and good fundamentals with all the scope for future development. Strategic investment in CSE will certainly lead to explore economic benefits to both the parties.

The programs come to an end with the Vote of thanks from CSE Director Major (Retd.) Emdadul Islam.


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