ACI subsidiary losses: Inquiry report to be submitted this week - News Summed Up

ACI subsidiary losses: Inquiry report to be submitted this week


Logo of ACI Limited CollectedACI Limited disbursed 115% cash and 3.5% stock dividends to its shareholders last yearThe inquiry committee tasked with unearthing why ACI Limited’s subsidiary, Shwapno, has been incurring huge losses and gobbling up its parent company’s profits, is scheduled to submit the inquiry report either today or by tomorrow. “Senior executives of ACI Limited will be served notices soon for a hearing by the chief regulatory officer," the source added. The situation has aggrieved ACI shareholders, as its prices in the DSE fell by nearly Tk125 in a year. On Wednesday, an ACI share traded at Tk307.90, down from Tk430 a year ago. ACI Limited disbursed 115% cash and 3.5% stock dividends to its shareholders last year.


Source: Dhaka Tribune February 26, 2019 16:07 UTC



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