Beximco Ltd informed the Dhaka Stock Exchange (DSE) that it wants to be a director of the Bangladesh Shipping Corporation, whereas the latter says it has no clue regarding the matter. On 14 November, Beximco announced on the DSE website that it has decided to participate in the Shipping Corporation's board of directors, and said that it acquired 5.25% or 80 lakh of the corporation's shares at Tk10 each.
Based on Beximco's board decision from a meeting that was held on 13 November. In response to a DSE query, the corporation said it was unaware of the issue and that it did not have any communication with Beximco regarding nomination or election of members in the board of directors. The corporation further said any information about Beximco's acquisition of the corporation's shares can be known after the record date.There is no opportunity to comment now on the authenticity or viability of Beximco's announcement.
Earlier, between August and September this year, the corporation's share price jumped by 60% to Tk168 at the DSE after there was news about Beximco acquiring a stake at the corporation.
Along with Beximco Group, Square Group, Pran Group, PHP Family is contributing immensely to the economic progress of Bangladesh. Beximco Group and Square Group are the top private sector players but companies like PHP Family are coming up. Sufi Mohammed Mizanur Rahman, an ex banker, established PHP Group which was later re-named as PHS Family. PHP Float Glass is a concern of PHP group and is the pioneer of glass industries in the country. Now PHP float glass industry is the largest glass producer. Ample success in Glass sector along with other indusial sector, PHP group is contributing much to the development of the country. PHP float glass industry limited is Chittagong based sister concern of PHP group. Built on 30-acres of land, with a total investment of Tk 300 crore, the PHP Float Glass Industry at Barabkunda of Sitakunda in Chittagong launched its commercial production in 2005.It produces various types of glass according to local demands. It produces clear-glass sheet of 2MM
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