More one year for CSE to find strategic investor

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A Correspondent :
Bangladesh Securities and Exchange Commission (BSEC) granted another year extension to find a strategic partner for the Chittagong Stock Exchange (CSE).BSEC taken the decision at its 633rd meeting on Wednesday, March 7, 2018 as they failed to meet the deadline and it was extended by a year, a CSE sources said
Dhaka Stock Exchange (DSE) has only recently decided to pick the Hong Kong-based Shanghai-Shenzhen consortium as it a strategic investor, after taking several extensions. It submitted a proposal to the BSEC to this end.The decision to extend the deadline for CSE was made during a meeting of the commission held on March 1. An application from the CSE was submitted to the BSEC on Tuesday.
The letter said that CSE is currently working on determining potential strategic investors. They have already sent letters to 46 stock exchanges and 42 institutional investors.
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