SC orders Envoy Textile to hold EGM to select new MD

The Appellate Division of the Supreme Court has directed the authorities concerned to hold an Extraordinary General Meeting (EGM) to appoint Managing Director (MD) and Deputy Managing Director (DMD) for the Envoy Textiles Limited. A five-member bench of the Appellate Division headed by Chief Justice Obaidul Hassan passed the order after

ADB, Envoy Textiles sign loan facility

The Asian Development Bank (ADB) entered into a €10.8 million ($11.2 million) facility agreement with Envoy Textiles Limited (Envoy) to support and finance the purchase and installation of energy-efficient spinning machinery and other equipment to expand sustainable textile production and create local jobs. The proceeds of the loan will be used