A Memorandum of Understanding (MoU) was signed between Midland Bank PLC (MDB) and TF Industrial Co., Ltd. at the Bank’s Head Office on 22 July 2025.

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 & Head of the Institutional Banking Division at MDB, and Mr. Xu Yaozhou, Managing Director of TF Industrial Co., Ltd., signed the MoU on behalf of their respective organizations.

Under the MoU, TF Industrial Co., Ltd. will use the Bank’s robust online cash‑management platform, “Midland Cash Management (MCM),” to conduct its daily business‑banking and cash‑management activities. Prashanta Kumar Saha, Head of Corporate Liability Management Unit of Midland Bank and Mr. Mao Wei, Supervisor, Mr. Md. Abu Sayed, General Manager (Head of Sales & Marketing), TF Industrial Co., Ltd. were also present along with other Executives and Officers of both organizations.