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 corresponding error may be in borrowing from other bank & financial institution and provision for expenses in statement of cash flows. 11. The accompanying financial statements have been prepared under going concern basis assuming that the company will continue its existence for foreseeable future. However, significant impairment of margin loan, recurring huge loss, negative equity balance and poor current ratio 0.49 expose concern (cont.13)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 6190d01103147376ea9fbcf4
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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