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Elevated Expressway: Appellate Division puts status quo on share transfer

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The Appellate Division today (30 May) imposed a status-quo on the High Court rule which cleared the way for transferring Italian-Thai Development Public Company Limited (ITD)’s shares in Dhaka Elevated Expressway to China’s Sinohydro Corporation.

As a result, the work of the Dhaka Elevated Expressway will be stopped for the time being, said lawyers.

The Appellate Division has set 29 August for the next hearing in this regard.

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