DSE woos Partex Group to go public
FE REPORT | Sunday, 3 April 2022
Dhaka Stock Exchange (DSE) recently held a meeting with Partex Star Group to assess its associated and subsidiary companies' inherent capacity to go public.
The main objective of the meeting held on Wednesday in Narayanganj was to motivate the group in offloading the shares of its associated companies in the stock market.
"Partex Star Group has many companies. We sat with the representatives of the business group as part of our marketing strategy set for inspiring quality companies to raise fund from the primary market," said M. Shaifur Rahman, chief operating officer (COO) of the DSE.
He said the Partex Star Group also tried to assess the inherent capacity of the companies to offload shares.
At the meeting, the DSE delegation led by its COO Mr Rahman highlighted different facilities offered for the listed companies.
On the other hand, the representatives of the Partex Star Group updated the progress of their different associated companies.
Md. Sabbir Hossain, head of business development, Mostofa Kamal Ahmed, Group CFO, Tofazzal Hossain, chief of plant, Uttam Kumar Shaha, chief consultant, and ABM Sumon Patwary, chief operating officer, among other representatives of Partex Group, were present at the meeting, according to DSE officials.
The companies of Star Partex Group include Star Particle Board Mills, Partex Furniture Industries, Partex Builders, Partex Agro, Partex Housing, Partex PVC Industries, Partex Aeromarine Logistics, Partex Cables, Danish Condensed Milk BD, Danish Foods and Rubel Steel Mills.
No company of the Partex Star Group is yet to be listed with the bourses of the country.
Star Adhesives is the lone company of the group which recently has completed the process of raising capital through the SME board of the premier bourse DSE.