The Company has informed that the Board of Directors of the company has taken the following decisions. 1. To sponsor a Mutual Fund, titled "Sandhani Life Growth Fund" (Proposed) for the size of Tk. 200.00 crore with face value of Tk. 10.00 each after taking proper permission from all regulatory authorities concerned. Asian Tiger Capital Partners Asset Management Ltd. will be the Asset Management Company for the proposed fund. 2. To sponsor a Mutual Fund, titled "Sandhani Life Unit Fund" (Proposed) for the size of Tk. 50.00 crore with face value of Tk. 10.00 each after taking proper permission from all regulatory authorities concerned. Alif Asset Management Ltd. will be the Asset Management Company for the proposed fund. 3. To purchase Commercial Space (shoping space) of more or less 550 sft. on the ground floor of "Shelter Nur", 13/A, Garden Road, Pantha path (Adjacent Bashundhara City Complex), Dhaka at the negotiated price of Tk. 1,92,50,000.00 only excluding the cost of stamp, registration etc.
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