Khan Brothers PP Woven Bag Industries has decided to sell its ownership to BSB-Cambrian Education Group due to ongoing financial difficulties stemming from a severe working capital shortage. This decision follows a recent directive from the Bangladesh Securities and Exchange Commission (BSEC) to investigate a notable surge in Khan Brothers’ stock prices on the Dhaka Stock Exchange. A memorandum of understanding (MoU) was signed, with BSB-Cambrian set to acquire 29.55 million shares, representing a 30.13% stake from the current board of directors. However, the deal requires approval from general shareholders and the stock market regulator before proceeding. Khan Brothers has faced significant losses, totaling Tk 48 million over four years, and has been struggling with financial irregularities, including overstated sales and discrepancies in inventory. The company specializes in manufacturing various types of PP woven bags for both local and international markets.