Beach Hatchery is on the way to defrauding investors again

Own Correspondent: In April last year, the listed company Beach Hatchery informed the investors that the company is starting to cultivate marine coral fish in white water for the first time in Bangladesh.

About 70 percent of coral production is profitable. As such, the profit of the company will increase by about 98 million taka from the initial production.

The owners of the company grabbed billions of taka by increasing the share price after hearing such great expectations. Now that story of coral fish is mixed in the air. Now there is no coral fish, no coral fish project. The coral fish died in that story.

Market people say that in April 2023, the owners of the company stole billions of taka from the stock market by increasing the share price after hearing the story of coral fish production. Now a new story has started to grab money from the stock market.

The company did not provide any further information to investors about the 2023 coral fish project. Market stakeholders have demanded an impartial investigation by BSEC and DSE into the company’s coral fish project.

Source: DSE.