A Memorandum of Understanding was signed between Midland Bank PLC and TF Industrial Co. Ltd. at the bank’s head office on July 22.
TF Industrial Co. Ltd. is a 100% Chinese-owned manufacturing company in Bangladesh.
Established in November 2023 and located in Gazipur, the company manufactures baby diapers to meet local demand.
In the presence of Md Ahsan uz Zaman, managing director of Midland Bank PLC; Mohd Javed Tarek Khan, SEVP and head of the Institutional Banking Division at MDB; and Xu Yaozhou, managing director of TF Industrial Co. Ltd; signed the MoU on behalf of their respective organisations.
Under the MoU, TF Industrial Co. Ltd will use the bank’s online cash management platform, ‘Midland Cash Management,’ to conduct its daily business banking and cash management activities.
Prashanta Kumar Saha, head of Corporate Liability Management Unit of Midland Bank; Mao Wei, supervisor; Md Abu Sayed, general manager, Â head of sales and marketing, TF Industrial Co Ltd; were also present along with other executives and officers of both organisations.
