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): The market value of portfolio of negative equity holders is just of TK. 77 crore. There is a significant doubt regarding collectability of said margin loans. As such, the company is required to make provision or written off the long outstanding unsecured loan, which is not less than of TK. 158.41 crore as of December 31, 2020. The paragraph 5.4.4 of IFRS 9: Financial Instrument requires to written off the entire or part of the financial assets (cont.9)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 6190d01103147376ea9fbcec
- Original publication
- Last verified by BullBD
- Translation
- BullBD
More news from FASFIN
Financial information is provided for general reference only and may be revised by the company. BullBD is not the official DSE website. Not investment advice.