Chinese firm DEX-I to acquire closed Mithun Knitting in Bangladesh

The Bangladesh Securities and Exchange Commission approved the acquisition of Mithun Knitting and Dyeing (now Toyo Knitex) by Chinese courier company Destination Express International DEX-I Limited. The takeover must be completed within a month.

“The regulator last week approved the transfer of 5,449,058 shares, held by the legal heirs of the company's original owner, late Md Mozammel Haque, a former lawmaker, to the Chinese company.”tbsnews.net

• 1 source
• tbsnews.netChinese firm DEX-I to take over closed Mithun Knitting | The Business StandardSalah Uddin MahmudMay 23, 2024

Summarized from public sources; check the original articles before acting on it.