Minori Bangladesh yet to get Emerald Oil's ownership as banks hold sponsor shares

Minori Bangladesh Limited, an arm of the Japanese farming group Minori Co Limited, could not yet get hold of Emerald Oil Industries Limited as the oil company's shares owned by its sponsors have been mortgaged against bank loans. The Japanese venture brought the Spondon rice bran oil company into operation with a fresh investment of Tk30 crore in January this year, and it is

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