PLCs\\\' share dividend

Magura Paper Mills Limited, a joint venture with China, raised share capital through sale of shares and debentures more than two decades back. But till today neither the dividend against shares nor interest against debentures was paid to investors.
Bangladesh Securities and Exchange Commission (BSEC) is the sole authority to give permission to public limited companies (PLC) to raise primary share capital. The BSEC, being the regulatory body, must have been satisfied about the probable performance of the applicant company. Very often our finance minister is heard criticising investors in the stock markets.
As a humble investor in the stock market, I need not be an expert to learn about where to invest, because I know the BSEC has evaluated different aspects of those PLCs by applying different options including variables sensitivity analysis and so on. Maybe, I'm blind, when it comes to investment in those PLCs. But dozens of PLCs are there. They exist in name only, they do not pay dividend and also do not hold any AGM. Two-three decades elapsed by now. Still there is no proper remedy.
Recently a good number of MOUs were signed with China during the visit of our PM to that country. What is ailing the joint venture like Magura Paper Mills needs to be unearthed for the sake of transparency and good governance. We hope the BSEC and the finance ministry will look into it.
Mahmud Ali
New Eskaton Road, Dhaka