SiS International (00529) said it was notified by Information Technology Consultants Limited (ITCL) that the Bangladesh Securities and Exchange Commission has approved the listing application submitted by ITCL and issued a letter of consent for raising of capital by ITCL.
ITCL is a company incorporated in Bangladesh in 2000 and is currently owned as to about 43.6% by indirectly wholly-owned subsidiaries of SiS International. ITCL is principally engaged in the business of providing electronic payment services in Bangladesh.