Trading of Savar Refractories shares suspended as delisting greenlighted

Business Desk :
The trading of the Savar Refractories Ltd shares trading was suspended from today as the securities regulator has greenlighted its delisting.
In August last year, owing to back-to-back losses and the overall poor condition of the business, the company decided to voluntarily exit the stock market.

Lutful Tahmina Khan, wife of Home Minister Asaduzzaman Khan, is currently the chairperson of Savar Refractories.
Their son Safi Modassir Khan and daughter Shafia Tasnim Khan are the managing director and director.

Of the total shares, sponsor-directors jointly hold 50.7%, institutional investors 7.2%, and general investors 42.1%.