Finance minister gifts shares to daughter
Finance Minister AHM Mustafa Kamal has transferred his 3.9 lakh shares in Asia Pacific General Insurance Company to his daughter Nafisa Kamal, one of the directors of the company, as a gift.
The transfer was completed outside the trading system of the Dhaka Stock Exchange.
Al-Haj Textiles shuts production for a month
Al-Haj Textile yesterday began its month-long suspension of operations owing to drastic fall in sales.
The company said the decision came because of a shortage of storage facilities for finished goods at its warehouses as well as the dearth of working capital.
Esquire ICL Apparel Fund approved
The Bangladesh Securities and Exchange Commission has approved an open-ended mutual fund named Esquire ICL Apparel Fund.
The primary target of the fund is Tk 25 crore. The sponsor of the fund, Esquire Knit Composite, will provide Tk 10 crore and the rest will be available for general investors.