Dhaka, Nov. 27 -- Business enterprises have suggested on-the-spot inspections of companies willing to go public to assess whether their financial and operational strength is sufficient to protect shareholders' interests.

The proposal came at a meeting held on Wednesday at the Bangladesh Securities and Exchange Commission (BSEC), convened to discuss the revised public issue rules that are yet to be finalised. Owners of large business groups, including Meghna, DBL, AkijBashir, PHP, Incepta, City, Electromart and Fair, attended the meeting.

They made the proposal while insisting that companies they own would not be listed unless proper valuation is ensured.

City Group Director Reza Uddin Ahmed said banks and foreign lenders visit local co...