Prime Bank Investment signs deal with Best Electronics on IPO launching

FE Team | Published: November 02, 2020 23:29:29

The Prime Bank Investment Limited (PBIL) signed an MoU with Best Electronics Limited, a concern of Zaman Group, to provide Issue management services for the forthcoming IPO of the company under book-building method, said a statement.
M Farhad Hussain FCA, Chairman, PBIL, Syed Asaduzzaman, Managing Director, Best Electronics Limited and other high officials of the respective organisations were present in the signing ceremony.
PBIL is a subsidiary company of Prime Bank Limited, incorporated as a public limited company on 28 April 2010 with the Registrar of Joint Stock Companies, Dhaka vide certificate of incorporation no. C-84266/10 dated 28 April 2010 which has commenced its business on the same date. PBIL worked as a Registrar to Issue Walton Hi-Tech Industries Limited for the Upcoming IPO Under Book Building Method in 2018.
Best Electronics Limited was officially launched in 2013 with a clear vision of delivering world-class home appliances from all major global brands to the high-end consumer group of Bangladesh.