B Mirror Report: A delegation from the Chittagong Stock Exchange (CSE) found the factory and corporate head office of listed company Familytex (BD) Ltd closed during a recent inspection, according to sources at the Dhaka Stock Exchange (DSE).
DSE said documents from the Bangladesh Export Processing Zones Authority (BEPZA) confirmed that the company has remained inactive for a long period. Due to worsening financial conditions and failure to meet lease and legal obligations, BEPZA sold all assets of the company through a public tender to Bangladesh Spinners and Knitters Pvt Ltd.
Familytex BD, listed on the stock market in 2013, has not published financial statements since the 2020–21 fiscal year. The company reported losses for four consecutive years before that and last declared a 5 percent bonus dividend for FY2017–18.
The company currently has a paid-up capital of Tk 354.16 crore, with public investors holding nearly 96 percent of shares. On Wednesday, its share price closed at Tk 2.90.
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