Sk Trims Clears Outstanding Dividend Dues

Industry: Stationery & Printing, Stock Market
Company: SK TRIMS & INDUSTRIES LTD
Company Intelligence Tag: Business Insights

Sk Trims and Industries Ltd has completed payment of all due dividends and submitted the necessary documents to the Bangladesh Securities and Exchange Commission (BSEC), according to managing director MA Kayum Howlader. The company was downgraded to Z category by stock exchanges for late dividend payments. Howlader clarified that former NBR commissioner Motiur Rahman, whose companies own about 14% of Sk Trims, does not hold shares in the company or sit on its board. Sk Trims’ accounts were frozen in June due to actions against Rahman, causing the company to lose work orders. Although the accounts have recently been unfrozen, foreign buyers remain hesitant to place orders due to the company’s damaged reputation. Howlader has requested government assistance for recovery.

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