Bangladesh bourse approves China bid, rejects India offer
Bangladesh has agreed to sell a large stake in its stock exchange to a Chinese consortium, an official said on Tuesday, rebuffing a rival bid from India that raised political sensitivities.
The Dhaka Stock Exchange on February 10 had approved the Chinese offer to buy a quarter of the bourse's 1.8 billion shares, but Bangladesh's financial regulator asked it to “further scrutinise” the decision.
Bangladesh has agreed to sell a large stake in its stock exchange to a Chinese consortium, an official said on Tuesday, rebuffing a rival bid from India that raised political sensitivities.
The Dhaka Stock Exchange on February 10 had approved the Chinese offer to buy a quarter of the bourse's 1.8 billion shares, but Bangladesh's financial regulator asked it to “further scrutinise” the decision.
