The company has informed that a Memorandum of Understanding (MOU) has been signed between Khan Brothers PP Woven Bag Industries Ltd. and BSB Cambrian Education Group on September 18, 2024 at the company’s registered office, located at 15 DIT Road (10th Floor), Malibagh Chowdhurypara, Dhaka-1219. BSB Cambrian Education Group has voluntarily expressed their willingness to take over the management and operations of Khan Brothers PP Woven Bag Industries Ltd. This will be achieved through the acquisition of shares from the current Board of Directors at a negotiated value, thereby ensuring a seamless transition of responsibilities and control. To formalize this MOU has been duly executed and witnessed by authorized representatives of both the parties