As per the draft prospectus, the face value of the units of UFS Progati Life Unit Fund will be Tk10 each. Of the total fund size, sponsors will contribute Tk1 crore and remaining Tk9 crore will be collected through sales of units, said BSEC in a statement issued on Tuesday.
The securities regulator also decided to issue a warning letter to Safko Spinning Mills and its auditor for submitting ‘inconsistent’ information with the proposal of rights offer.
The regulator found inconsistent information in cash flow statement submitted with the proposal of rights offer, breaching securities rules, according to the statement.
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