Prime Bank subscribed Tk 2.0 billion in the preference shares issued by United Mymensingh Power Limited (UMPL), one of the concerns of United Group. As part of the group's initiative to explore alternative instruments to support its financing requirement, Prime Bank arranged and subscribed the preference shares. Moinuddin Hasan Rashid, Managing Director, and Hasan Mahmood Raja, Chief Advisor of UMPL, along with Hassan O. Rashid, Managing Director & CEO, and Shams A. Muhaimin, Deputy Managing Director of Prime Bank, were present with other senior officials from both the organisations.
— Statement
Prime Bank subscribes Tk 2.0b in preference shares of UMPL
FE Team | Published: November 20, 2021 20:40:06
Prime Bank subscribed Tk 2.0 billion in the preference shares issued by United Mymensingh Power Limited (UMPL), one of the concerns of United Group. Moinuddin Hasan Rashid, Managing Director, and Hasan Mahmood Raja, Chief Advisor of UMPL, along with Hassan O. Rashid, Managing Director & CEO, and Shams A. Muhaimin, Deputy Managing Director of Prime Bank, were present on the occasion.
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