Walton Hi-Tech to offload more shares for investors` interest

 Walton Hi-Tech to offload more shares for investors` interest

Walton Hi-Tech Industries Limited has decided to offload more shares in the stock market protecting the interests of general investors.

The sponsors-directors are planning to invest money, they will receive from shares offload in new industries.

Golam Murshed, Managing Director (MD) and Chief Executive Officer (CEO) of Walton Hi-Tech Industries Limited, in this regard has called on Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof Shibli Rubayat Ul Islam.

Earlier on Sunday (September 12), BSEC requested three large-cap firms including Walton to make sure that their sponsors offload further shares in the secondary market to increase the free-floating shares at least up to 10% of the total shares.

Following the move, the share market witnessed a negative impact, declining all the price indexes on both the Dhaka and Chittagong Stock Exchanges.

On Tuesday (September 14, 2021) Walton MD met the BSEC chairman at…

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