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): negative Gross Profit Margin and Net Profit Margin, recurring huge loss, shortage of fund and negative equity expose a concern about its (company's) going concern assumption. Subsidiary Qualified Opinion: 9. The margin loan balance with negative equity of the company is Tk. 159.18 crore as of December 31, 2020. The company has no other security over this margin loan except margin loan holders' share portfolio. (cont.8)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 6190d01103147376ea9fbcea
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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