News Briefs(26-3-2019)

Subscription closing ceremony for Ace Alliance held

A subscription closing ceremony to raise capital through issuance of Preference Shares worth BDT 805 million for Ace Alliance Power Limited, a concern of Summit Group was held recently at InterContinental Dhaka. LankaBangla Finance Limited acted as the Mandated Arranger, LankaBangla Investments Limited acted as the Issue Manager and BRAC Bank Limited acted as the Agent, Account Bank & Custodian Bank for the transaction. In the event, Mr. Md. Mozammel Hossain, Managing Director of Ace Alliance Power Limited, Mr. Lt Gen (Retd) Engr. Abdul Wadud, Managing Director of Summit Power Limited, Mr. Khwaja Shahriar, Managing Director & CEO of LankaBangla Finance Limited, Mr. Mohammed Nasir Uddin Chowdhury, Managing Director of LankaBangla Capital Market Operations, Mr. S. M. Formanul Islam, Executive Director & CEO of Bangladesh Infrastructure Finance Fund Limited and Mr. Md. Mehmood Husain, Managing Director of NRB Bank Limited along with other senior officials from the companies were present.

— Statement

Premier Bank opens 110th branch

Premier Bank inaugurated its 110th branch on Monday at Baluchar Bazar, Shirajdikhan, Munshigonj. Additional Managing Director of the bank Mr. Md. Abdul Jabber Chowdhury inaugurated the branch as Chief Guest.

— Statement