Corporate DisclosureJUTESPINN
JUTESPINN Corporate Disclosure — 22 November 2020
Announcement summary
- What happened
- JUTESPINN published a corporate disclosure on 22 November 2020. Read the full announcement for details.
- Company
- Jute Spinners Ltd.
- Announcement published
Original announcement
(Continuation news of JUTESPINN): emergence of a highly successful competitor, Loss of market & customer(s), inefficiency of key management and negative operating cash flows indicated by financial statements of the company. Furthermore, loan holders (Janata Bank Ltd.) and one of the supplier's namely West Zone Power Distribution Company Ltd initiated legal proceedings against the company. These events or conditions indicate that a material uncertainty exists (cont.3)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b00004005521f
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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