FILICL to form subsidiary
Monday, 21 April 2014
The Fareast Islami Life Insurance Company Ltd (FILICL) on Monday informed that the board of directors of the company has decided to form a subsidiary company, named Fareast Islami Properties Ltd. The authorised capital of the new company would be Tk 500 million while the paid up capital Tk 100 million, according to DSE website. The per share value of the company would be Tk 10.00 each with capital of Fareast Islami Life Insurance Co Ltd 51 per cent (i.e. Tk 50.10 million) and capital of other sponsors 49 per cent (i.e. Tk 40.90 million) , according to a news agency.