Bangladesh Securities and Exchange Commission (BSEC), the capital market regulatory body, is trying to list the well-funded companies of Walton Group in the capital market. For this purpose, BSEC held a meeting with the executives of Walton Group today on Thursday.
Chairman of the organization Khandkar Rashed Maqsood presided over the meeting held at BSEC building in Agargaon of the capital. Commissioner of BSEC in the meeting. Mohsin Chowdhury, Executive Director Mohammad Rezaul Karim participated.
On the other hand, Chairman of Walton Group Walton Hi-Tech Industries Limited SM Shamsul Alam, Managing Director SM Mahbubul Alam, AMD and CFO Ziaul Alam, Senior Executive Director and Company Secretary Rafiqul Islam and Walton Digi-Tech Industries Limited Chairman SM Rezaul Alam were present in the meeting. was
BSEC Chairman Khandkar Rashed Maqsood said in the meeting that Walton has established companies in various sectors. Doing business with reputation in the country and abroad. Walton is one of the highest tax and VAT payers in Bangladesh. It has a strong impact on the country's economy.
Rashed Maqsud said, through the listing in the capital market, the benefits of the company are created to reach the public. Large private enterprise companies and groups of the country can take their organization to new heights by listing in the capital market. Through this, the people of the country will benefit as well as the institution.
After the meeting, Executive Director and Spokesperson of BSEC Mohammad Rezaul Karim said that for the sake of the capital market, it is necessary to list companies with good fundamentals in the market. Keeping this goal in mind, the capital market regulatory body BSEC is working earnestly. In view of this, a meeting was held with the top executives of Walton, a well-known group in the country.
Rezaul Karim also said that in the meeting, the top executives of the group discussed the overall issue of how to list the large and profitable companies under Walton, one of the largest groups in the country, in the capital market.
The spokesperson of BSEC said that the meeting was successful and fruitful. In the meeting, among other issues, long-term financing through the capital market, IPO approval and simplification of the listing process were discussed.
According to BSEC, Walton's free float share increase in the capital market, financing through the capital market instead of bank loans, financing through sustainable and green bonds, etc. have been discussed. At the same time, there is talk about Walton Group's asset management company. There was also discussion about raising funds through their mutual funds and bringing new investments into the capital market.
According to BSEC, the organization is in regular discussions with large and reputed groups to bring well-founded companies to the capital market. BSEC has already received positive response in several such meetings. As a result of the efforts, BSEC is hopeful that the listing of companies with good fundamentals will be possible very soon.
