RegulatoryFASFIN
Brokers Asked to Suspend Margin Loans for FASFIN Shares
Announcement summary
- What happened
- Brokers and merchant bankers were asked to stop providing margin-loan facilities for purchases of FASFIN shares.
- Company
- FAS Finance & Investment Limited
- Announcement published
Original announcement
(Continuation news of FASFIN): Tk. 0.25 (point two five) Crore as "Interest on Margin Loan" and ?Portfolio Management fee" respectively. The recoverability of margin loan with negative equity and interest charged thereon is very poor. So, charging the interest and portfolio management fee on Margin loan with negative equity of Tk. 9.91 Crore is overstated the income of the company for the year. If such income does not consider then loss for the year and EPS would be (cont.12)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b000040054ebe
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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