A delegation from the Chittagong Stock Exchange (CSE) recently visited the factory and corporate head office of listed textile manufacturer Familytex (BD) Limited, where it found the company’s production and overall operations suspended.

According to information obtained from stock exchange sources, the inspection revealed that the company was not carrying out any manufacturing activities at its facilities.

Documents received from the Bangladesh Export Processing Zones Authority (BEPZA) indicate that Familytex had remained inactive for a prolonged period. The company also faced deteriorating financial conditions and failed to meet lease obligations and other legal requirements.

As a result, BEPZA disposed of all assets owned by the company within the export processing zone through an open and competitive process, according to the documents.

The records further state that the assets have been transferred to Bangladesh Spinners and Knitters (Pvt.) Limited.

The development raises concerns among investors regarding the future status and operations of the listed company.