Bangladesh Securities and Exchange Commission (BSEC) at a meeting on Thursday concluded to allow Minori Bangladesh Limited to take control of Fu-Wang Foods Limited. Japanese firm Minori Bangladesh Limited joined the company’s board of directors with an 8% shareholding and was in talks to get more. In July 2021, Minori took over Emerald Oil to revive the business of the non-performing company. The products offered by Fu-Wang Foods include bread, biscuit, cake, toast, wafer bar, chocolate, instant noodles, drinking water, carbonated drinks and energy drinks. Founded in 1997, Fu-Wang Foods was listed in July 2000 on both stock exchanges.

Source: Dhaka Tribune January 24, 2022 20:18 UTC