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): to bank through the entity but bank didn't respond on our request. 8. The margin loan balance with negative equity of the company is Tk. 157.8 Crore as of December 31, 2019. The company has no other security over this margin loan except margin loan holders' share portfolio. The market value of portfolio of negative equity holders is just of Tk. 1.3 Crore. There is a significant doubt of collectability of said unsecured loans. As such, (cont.8)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b000040054ec2
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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