Janata Bank auctions Beximco mills as rescue stalls

DHAKA – Janata Bank is set to auction six factories of Beximco Group, casting doubt on a rescue of one of Bangladesh’s biggest garment suppliers.

Within a day of a 20 November board meeting, Janata published notices to sell land, buildings, machinery and inventory tied to three Beximco-linked units at Beximco Industrial Park in Gazipur. Advertisements for three more factories expected to follow.

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