Management ChangeMERCANBANK
MERCANBANK Announces Management Change
Announcement summary
- What happened
- MERCANBANK announced a management change.
- Company
- Mercantile Bank PLC.
- Announcement published
Original announcement
The Company has informed that the Board of Directors has decided to sponsor an Open-End Mutual Fund in the name of "Mercantile Bank Unit Fund" to the tune of BDT 50.00 Crore and the Bank will subscribe at least 10% of the fund. The remaining portion of fund will be raised from Market. MBL Asset Management Limited shall be appointed as Fund Manager of the said fund subject to approval from Bangladesh Securities & Exchange Commission (BSEC).
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b000040055df4
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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