# 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.

- Type: Acquisition
- Announced: 2024-05-23
- Where: Chattogram Export Processing Zone, Bangladesh
- Status: announced
- Products: knitted textiles
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Destination Express International DEX-I Limited](https://endata.com/companies/77621.md) (acquirer)
- [Mithun Knitting and Dyeing](https://endata.com/companies/77622.md) (target)

## Sources

- [tbsnews.net](https://www.tbsnews.net/economy/stocks/chinese-firm-dex-i-take-over-closed-mithun-knitting-858916), 2024-05-23: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.