Desk Report: Bangladeshi firm Alif Team is working to deliver C&A Textiles Minimal to functions, reported, Azimul Islam, Controlling Director  at a push briefing on Monday. C&A Textile wants to start out output in February,Azimul included

On Oct 8,2021,  the Bangladesh Securities and Exchange Fee allowed Alif Group to obtain C&A Textiles, a mentioned enterprise in the textile sector, matter to complying with many disorders, together with resuming output of the firm straight away, restoring connections of gasoline and other utilities and spending the company’s liabilities.

Photo: Courtesy

Image: Courtesy

Azimul also explained, C&A Textiles has remained shut for the earlier five a long time and its fuel connection continues to be disconnected, which would be most difficult for bringing the enterprise to operation’s the company’s liabilities, together with lender financial loans and other dues, crossed Tk 275 crore, included Azimul

The team will just take all the liabilities of the firm and will also inject contemporary cash as share funds for renovations, he mentioned, incorporating that the funds would be transformed into shares.

Alif Team started off its business enterprise in 1967 from oil buying and selling. From there, the scope of small business expanded to sectors like readymade garments, textiles, yarn, economic institutions, housing, electronic media, training and technological innovation. The team earns about Tk 2,500 crore a yr.The C&A Textile manufacturing unit in Chattogram closed down in 2016 says a press briefing.