Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 10 Sun. June 06, 2004  
   
Business


One Bank to buy Tk 4 cr equity share of Vanik
One Bank Limited has agreed to buy equity share of Vanik Bangladesh Limited (VBL) worth Tk 4 crore.

A memorandum of understanding (MoU) to this effect was signed between the two organisations in Dhaka yesterday, says a press release.

Syed Nurul Amin, managing director of One Bank, and Sayyed Husain Jamal, managing director of Vanik Bangladesh Ltd, inked the agreement.

As per the MoU, One Bank will have a seat on the Board of Vanik.