Corporate DisclosureARGONDENIM
ARGONDENIM Corporate Disclosure — 12 May 2014
Announcement summary
- What happened
- ARGONDENIM published a corporate disclosure on 12 May 2014. Read the full announcement for details.
- Company
- Argon Denims Limited
- Announcement published
Original announcement
(Continuation of news of ARGONDENIM): b) We observed excess payment of IPO related expenses. c) Liabilities from IPO fund found adjusted against bridge finance and short term loan earlier undisclosed in the prospectus. d) We also observed that significant amount was made to various suppliers and contractors against purchase of construction materials from IPO proceeds for expansion project in cash instead of cheque. " (End)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf6b5a6b0000400661ae
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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