BRB’s growing interest in state-owned firms - News Summed Up

BRB’s growing interest in state-owned firms


The group now owns a total of 537,860 shares of Renwick Jajneswar. Speaking to the Dhaka Tribune, BRB Chairman Md Mozibar Rahman, said: “The company [Renwick Jajneswar] currently has no external representatives on the board. BRB Cable Industries recently bought nearly 18% shares of Eastern Cables, a state-owned loss-making firm listed on the stock market. BRB Cable Chairman Md Mozibar Rahman holds 5.66% shares, BRB Cables Executive Director Mofizur Rahman holds 4.96%, while directors Emadadul Haque and Shamsur Rahman hold 5.10% and 2.04% shares respectively. BRB Cable's factory is situated at the Bangladesh Small and Cottage Industries Corporation (BSCIC) Industrial Estate, 5 km from Kushtia town.


Source: Dhaka Tribune February 05, 2019 16:52 UTC



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