Midland Bank EGM on August 29

The company wants to invest Tk 46 lakh of unutilized funds raised through initial public offering (IPO) of listed bank sector Midland Bank in government securities.

This information is known from DSE sources.

It is known that the board of directors of Midland Bank has decided to invest the company’s unused IPO sector of 46 lakh 73 thousand 976 rupees in government securities.

The bank will change its name from ‘Midland Bank Limited’ to ‘Midland Bank Plc’. The bank can change its name by amending its signature.

A special general meeting (EGM) has been called for approval of these decisions by consensus of the shareholders. The EGM will be held on the digital platform on August 29 at 4 PM. The record date in this regard has been fixed on September 19.

nj