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): (margin loan with negative equity), which is not recoverable. The company has just maintained of TK. 8.97 (eight point nine seven) crore as provision for margin loan. The short fall of required margin loan provision is TK. 149.44 crore (one forty-nine point four four). If the whole impairment loss is adjusted in financial statements, then Net Asset Value (NAV) would be Tk. 62.25 (Taka sixty-two point two five) (cont.10)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 6190d01103147376ea9fbcee
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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