(Continuation news of PROGRESLIF): building deviating the principle of capitalization as per BAS - 16; iv) The Company has 51% shareholding in two of its subsidiary companies namely Galaxy Capital Ltd. and Alpha Capital Management Ltd. The investments in shares of these two companies were Taka 30,855,000 and Taka 129,500,000 respectively. Further, the Company could not provide us any document with respect to approval from regulatory body (cont. 4)