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The SEC issued an asset management licence to Race Asset Management Private Co Ltd

Dhaka Wednesday Septemper17, 2008

The stock market regulator yesterday approved IPO plans of two companies for raising Tk 45.50 crore from the capital market, and the entry of the sixth asset management company for managing funds.

 

The SEC issued an asset management licence to Race Asset Management Private Co Ltd, a joint-venture between non-resident and resident Bangladeshis, for managing funds including mutual fund. Paid-up capital of the entity is Tk 2.5 crore, he said.