UPGDCL Query Response on a news published in the newspaper - Share market analysis of dhaka stock exchange, Bangladesh

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17 May, 2018 10:27 AM Source: Dhaka Stock Exchange

In response to a DSE query dated May 15, 2018 regarding a news published in the newspaper with regard to "United Power is purchasing 3 power plants of the group", the Company has given the following response: "We categorically express that we are not in a position to subscribe as to the authenticity of the news. United Power Generation & Distribution Company Limited (UPGDCL) being a listed company operates following certain standards/norms conforming to the applicable regulatory precincts. In this regard, we would like to assure you that any strategic decisions by the company should be done following appropriate norms of business and if applicable, proper market disclosures (PSI) will be provided. The Board in principle has not taken any decision in this matter till date".


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