Corporate DisclosurePRIMELIFE

PRIMELIFE Corporate Disclosure — 4 October 2020

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Last verified by BullBD

Announcement summary

What happened
PRIMELIFE published a corporate disclosure on 4 October 2020. Read the full announcement for details.
Company
Prime Islami Life Insurance Ltd.
Announcement published

Original announcement

(Continuation news of PRIMELIFE): not made any provision against the said amount. However, the company has initiated to take legal action to recovery of the investment from Sterling Group. 3. As disclosed in note #13.6.1 of the financial statements, there was Investment in Banglalion Zero Coupon Bond amounting to BDT 49,999,706. Since the investment has remained outstanding since long and the financial condition of Banglalion being deficient, there is significant (cont. 4)

Source & verification

Source
Published company disclosure
Published through
Dhaka Stock Exchange
Announcement ID
616ace8c5a6b000040055fc8
Original publication
Last verified by BullBD
Translation
BullBD
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