Corporate DisclosurePROGRESLIF
PROGRESLIF Corporate Disclosure — 2 September 2019
Announcement summary
- What happened
- PROGRESLIF published a corporate disclosure on 2 September 2019. Read the full announcement for details.
- Company
- Progressive Life Insurance Co. Ltd.
- Announcement published
Original announcement
(Continuation news of PROGRESLIF): v) The Company has paid loan to Galaxy Capital Limited on various dates in order to expedite the operational work. But they could not provide us any approval from relevant authority indicating violation of Insurance Act 2010 Section 44 (3) or agreement related to this loan payment except a resolution of board meeting held on 24 December 2012. Apart from this, accrued interest of loan provided to Galaxy Capital Limited has not been considered for 2015. (cont. 6)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aceb25a6b00004005915c
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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