Khan Brothers PP Woven Bag Industries Ltd. has officially announced the signing of a Memorandum of Understanding (MOU) with BSB Cambrian Education Group. The agreement, finalized on September 18, 2024, at the company’s registered office located on the 10th floor of 15 DIT Road, Malibagh Chowdhurypara, Dhaka, paves the way for a significant management transition.
Under the terms of the MOU, BSB Cambrian Education Group has expressed a voluntary interest in taking over the management and operational responsibilities of Khan Brothers PP Woven Bag Industries Ltd. This transition will be executed through the acquisition of shares from the current Board of Directors at a mutually agreed-upon value. The move is aimed at ensuring a smooth and efficient transfer of control between the two parties.
The agreement was formally executed and witnessed by the authorized representatives of both organizations, marking a crucial step in the company’s future direction.
