The buy-sell through share market took place over a year that resulted in gaining four seats for BRB on the Eastern Cables limited board. The development is a bid to establish monopoly in the huge domestic cable market by BRB that now holds around 40% domestic market share, industry sources said. Chairman of BRB Cable Industries Md Mozibar Rahman, said: “BRB Cables’ experience and expertise in the sector will help Eastern Cables improve their business. Currently, BRB Cable Chairman Md Mozibar Rahman holds 5.66% shares, while Directors Emadadul Haque holds 5.10%, Shamsur Rahman holds 2.04%, and Executive Director Mofizur Rahman holds 4.96% shares. With the new inclusion of board directors, ECL removed four directors who are from private sector.

Source: Dhaka Tribune January 08, 2019 16:41 UTC