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CSE-ABG agreement signing: Bashundhara brought new shares to the capital market

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November 21, 2022 5:14 am
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Bashir Allmamun: MD (Acting) on ​​behalf of CSE at Chittagong five-star hotel Radisson Blu-Bay View. Golam Farooq and MD Sayem Sobhan Anveer signed the agreement on behalf of ABG Limited, Bashundhara Group companies. Vasundara Group entered into this Memorandum of Understanding with A CSE as it re-entered the capital market. Lands Minister Saifuzzman Chowdhury Jabed, Prime Minister’s Advisor on Private Industry and Investment Salman F Rahman and Bashundhara Group Chairman Ahmed Akbar Sobhan were also present. Bashundhara Group always takes adventurous initiatives for the development of the country. The top industrial group took the country’s economy one step further by officially starting its journey as a strategic partner of the Chittagong Stock Exchange (CSE). Bashundhara Group is showing a new way to the capital market through this initiative. The guests said these things at the contract signing ceremony between CSE and Bashundhara Group company ABG Limited at the five-star hotel Radisson Blu-Bay View in Chittagong on Sunday evening. Managing Director (Acting) on ​​behalf of CSE. Ghulam Farooq and Managing Director Sayem Sobhan Anveer signed the agreement on behalf of ABG Limited. By purchasing 25 percent shares of CSE, the company became a strategic investor in the ownership of this capital market.

Land Minister Saifuzzaman Chowdhury, the chief guest at the event, said that the inclusion of ABG in CSE will open up new horizons in the capital market of Bangladesh. Bashundhara Group Chairman Ahmed Akbar Sobhan is a legendary entrepreneur of Bangladesh economy. New employment has rained in the places where he has given his hand. The economy has become stronger.

In the speech of the honored guest, Prime Minister’s Advisor on Private Industry and Investment, Salman F. Rahman said, Bashundhara Group always takes bold initiatives. The initiatives they take are later followed by others. He said, ‘In 2008, I did not think that the country would reach this place after 10 years. Even if someone told me about today’s situation, I would not have believed it. But due to the visionary thinking and planning of the Prime Minister, the country has reached this place today. Salman F Rahman said Bashundhara Group is showing a new way to the capital market by investing in CSE.

Mayor of Chittagong City Corporation referred to Bashundhara Group as a patriotic businessman. Rezaul Karim Chowdhury said that Bashundhara Group is establishing industrial establishments one after another in Bangladesh. As they are linked with CSE, the capital market will prosper. Only a patriotic group can take such action.

Applauding the plan to start commodity exchange in Chittagong Stock Exchange, Deputy Education Minister Mahibul Hasan Chowdhury Naufel said that long traditional trading business centered on Khatunganj and Chittagong Port has been going on since long before the establishment of Chittagong Stock Exchange. But it was informal. But after a long time it is going to get institutionalized through the launch of commodity exchange.

Ahmed Akbar Sobhan, the visionary chairman of Bashundhara Group, said that Bashundhara Group always takes bold steps for the development of the country. He mentioned that joining Chittagong Stock Exchange is such an adventurous step. Praising Prime Minister Sheikh Hasina, he said that the Bengali nation lost its direction when Father of the Nation Bangabandhu Sheikh Mujibur Rahman was brutally killed by an assassin’s bullet. Prime Minister Sheikh Hasina, the rightful successor of Bangabandhu, is fulfilling all the dreams of Bangabandhu one by one. He said, “Be it ahead of time or behind schedule, our adventure is always on.” We will always be vigilant for the development of this country. ‘

Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubaiyat-ul-Islam said that the current economy is being driven by the money market and capital market. The Prime Minister is taking the economy forward through various challenges at different times. He also said, ‘those who have employed 20, 50 and 70 thousand people in our country. These people are running the household of thousands of people with their intelligence. He said, “We will strengthen CSE with a strategic partner. Today is a historic day for us. ‘

CSE Chairman Asif Ibrahim presided over the event. Bashundhara Group Managing Director Sayem Sobhan thanked Anveer and said, “This day is very proud.” Stating that CSE and ABG have started a new chapter in the history of capital market, he said, Bashundhara Group is the leading industrial group of the country. Wherever they have joined, the development of that sector has accelerated. CEC will work for the development of capital market along with ABG Limited.

Imdadul Haque Milon, director of East West Media Group Limited, said, “I travel all over the country for the welfare works of Bashundhara Group. We now see a flood of development all around. Bangabandhu dreamed of this golden Bengal and his daughter is trying to build that golden Bengal with all her talent and hard work. Bashundhara Group also works for the welfare of the country, works for the welfare of the people. Bashundhara Group has made Bangladesh economically very strong in just 35 years since its inception. ‘

Director of CSE Major (retd.) said in the welcome speech. Emdadul Islam said, ‘This event is for our nation, for our economy.

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