The Company has informed that the Board of Directors of the Company has decided to purchase 5 decimals land with 10 (ten) storied building structure 20,030 sft. under construction building (Balaka Tower) there on in the name of Progressive Life Insurance Company Ltd. at Nijhumalay, 146 Mission Area, court Road, Moulvibazar at a cost of Tk. 3.30 crore excluding stamp duty, registration fees and relevant other expenses with the permission of IDRA.