Divar‘s CEO announced that the meeting of Divar’s admission board on the stock exchange, which was scheduled to be held before noon today, March 12, 2025, was suddenly canceled.
According to Ideaagency, Ashkan Armandehi said in this regard: “According to the announcement of the stock exchange company officials, this decision was made because the IRGC intelligence did not provide a clear response to issue the necessary approvals, and the wall acceptance meeting was canceled for this reason.”
He added: “This is despite the fact that numerous negotiations and meetings were held in this regard in recent months, and no official and transparent opposition was announced to us in this regard. The Ministry of Intelligence had also announced its approval to the stock exchange.”
Referring to the guidelines related to sensitive jobs on the stock exchange, Divar’s CEO said: “Accordingly, if a response is not received from the security agency within the stipulated deadline regarding the company that has applied for admission, the stock exchange company can continue the admission process and hold the necessary meetings. Today’s meeting for Divar’s admission to the stock exchange was also coordinated on this basis, but in the end, this meeting was canceled today and at the last moment, for the same usual and recurring reason, namely the opposition of the security agencies.”
Divar’s CEO recalled: “Hezardastan Holding Companies began their serious efforts to enter the stock exchange in 2021, and during this period, they repeatedly entered into negotiations with various institutions, including the Over-the-Counter Exchange and the Tehran Stock Exchange, but due to security issues and opposition from relevant institutions, our request always went nowhere or was postponed for several years.”
Armandehi added: “Our most important obstacle on this path was always the presence of Sarava in the Hezardastan shareholder structure, because this issue was problematic according to the security institutions, and they stated this as the reason for not issuing us the necessary security approvals.”
Divar’s CEO continued: “Looking at the experience of Digikala, which was able to solve the problem of entering the stock exchange after Sarava left its shareholder structure, we also went this route. Finally, with the decision of Sarava’s shareholders and our desire, this company was removed from our shareholder structure. After that, with numerous follow-ups from the stock exchange and the OTC side, the admission file for Divar was reactivated. Accordingly, we prepared the necessary documents and submitted our re-admission application to the stock exchange.”
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