Dhaka, July 12 -- The Bangladesh Securities and Exchange Commission (BSEC) on Sunday clarified that it has not taken any decision to delist closed companies from the stock market, terming recent media reports on the matter "misleading" and "baseless."

In a press release, the securities regulator said the confusion stemmed from remarks made by BSEC Chairman Masud Khan during an exchange of views meeting with journalists at the Capital Market Journalists' Forum (CMJF) office on July 9.

BSEC to permanently halt trading of closed companies: BSEC Chairman

The commission said one of the Chairman's statements was presented out of context and misrepresented, following which several newspapers, online portals and electronic media outlets report...