Runner makes debut in stock market

Business Desk

23rd May, 2019 10:13:58 printer

Shares of Runner Automobiles Limited, the country’s first manufacturer and exporter of motorcycles, commenced trading on both Dhaka and Chottogram stock exchanges on Tuesday.

Earlier, the company signed an agreement with Dhaka Stock Exchange (DSE), said a press release.

Speaking at the programme, Runner Automobiles Chairman Hafizur Rahman Khan said, “We haven’t made this initial public offering (IPO) for raising funds only, rather we have taken steps to make the company sustainable for the long term as a public limited company.”

DSE Managing Director Majedur Rahman said, “The general investors are feeling encouraged as Runner Automobiles Limited has been listed on the bourses.”

The trading of shares of the company also started at the Chittagong Stock Exchange (CSE). General Manager of CSE Golam Faruk said “The entry of a well-established Company like Runner in to the market will encourage the general investors and strengthen the capital market.”

Managing Director and CEO of Runner Automobiles Limited Reazul Haque Chowdhury said, “The shareholders have shown their confidence and trust on the IPO of our company. Now it’s our responsibility to value the confidence and trust of investors by taking the Company to a newer height”. He thanked DSE, CSE and other parties involved in the IPO process for their relentless support.