PLC affairs
I applied for primary shares (IPO) of MI Cement and MJL Bangladesh in January 2011 from my Dhaka address through BRAC Bank Eskaton branch, but I did not get allotment of shares from any of the Public Limited Companies (PLCs). Unfortunately, I have not got my application money back.
I learnt from the newspaper stock market columns that International Leasing and Financial Services Ltd. has started collecting rights share subscription from 6th Sept' 2011. But I did not get rights share documents as a shareholder till 15th Sept', 2011. The document received on 16th September, 2011 indicated that ICB Nayapaltan branch will receive subscription money but the ICB people advised me to go to ICB office located at Krira Bhaban. How can one accept such behaviour from the PLCs?
As a shareholder of PLCs since 1970, I am sorry to say that during 2010-11, I received hardly a dozen annual reports and half yearly reports, though I am a shareholder of more than three dozen PLCs. There are several courier services, but who are at fault for this type of negligence?
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