One of the Listed companies, Mithun Knitting and Dyeing Limited has recommended No Dividend for the year ended June 30, 2023.
The company hasn’t been operating its factory since September 20, 2019. As a result, they couldn’t calculate their earnings and cash flow. The Bangladesh Securities and Exchange Commission (BSEC) formed a committee to investigate. Also, the company’s lease agreement was terminated, and their assets are set to be auctioned. So, they can’t provide their total asset value until the BSEC committee finishes its investigation and makes a final report.
The Annual General Meeting (AGM) of the company will be held on December 14, through the digital platform. The record date for this has been fixed at November 20.
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