Shares of SK Trims and Industries Limited, a company owned by the family of controversial former NBR member Matiur Rahman, plunged nearly 10% following the announcement of its factory closure on the Dhaka Stock Exchange (DSE) today (8 September).
The company’s stock price dropped by 9.78%, closing at Tk 16.60.
SK Trims attributed the shutdown to a court order freezing all of its bank accounts due to an ongoing corruption case against its owners. With no access to its financial resources, the company stated it could not secure sufficient funds to continue factory operations, as announced through the stock exchange.
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