Singer signs deal with CDBL to de-mat paper shares
Singer Bangladesh Limited yesterday signed an agreement with the Central Depository Bangladesh Limited (CDBL) for de-matting its shares for settlement under Central Depository System (CDS).The agreement for converting the share certificates into electronic ones will come into effect from July this year after getting final clearance from the Securities and Exchange Commission, says a press release. Mahbub Jamil, chairman and managing director of Singer Bangladesh, and MH Samad, managing director and CEO of CDBL, signed the agreement on behalf of their companies.
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