UCB, SRL Marine Products ink MoU

A term sheet signing ceremony was executed between United Commercial Bank Limited (UCB) and SRL Marine Products Limited (SMPL) at the Corporate Head Office of UCB Sunday. UCB will act as Facility Arranger for raising the Syndicated Term Loan of $ 6.60 million in favour of SMPL in order to set up a 100% export oriented sea food processing plant at Ichanagar, Chittagong. Mr. M. A. Hashem, Chairman of UCBL and Mr. A Rouf Chowdhury, Chairman of Sea Resource Group and Bank Asia Limited graced the event as special guests. Muhammed Ali, Managing Director of UCBL and Sabrina Chowdhury, Managing Director of SMPL signed the term sheet on behalf of their respective organizations, according toa statement.