Corporate DisclosureJUTESPINN
JUTESPINN Corporate Disclosure — 30 July 2020
Announcement summary
- What happened
- JUTESPINN published a corporate disclosure on 30 July 2020. Read the full announcement for details.
- Company
- Jute Spinners Ltd.
- Announcement published
Original announcement
(Continuation news of JUTESPINN): inefficiency of key management and negative operating cash flows indicated by financial statements of the Company. And also loan holders (Janata Bank Ltd.) initiated legal proceedings against the company. These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern and that the financial statements do not adequately disclose this matter. (cont. 2)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b00004005689a
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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