RegulatoryPLFSL
Brokers Asked to Suspend Margin Loans for PLFSL Shares
Announcement summary
- What happened
- Brokers and merchant bankers were asked to stop providing margin-loan facilities for purchases of PLFSL shares.
- Company
- Peoples Leasing and Fin. Services Ltd.
- Announcement published
Original announcement
(Continuation news of PLFSL): dated 20 August 2006. 4. The Company disclosed previous years loss of Tk. 15,686,553,599.00 (Margin Loan Tk. 3,073,729,000.00 and Other than Margin Loan 12,612,824,599.00) in note no. 09 under other assets and related note no. 2.3, detailed disclosure note regarding the reason for the such loss was not given and re-statement was not done adjusting profit or loss as per BAS-8. Moreover, as the asset is not recoverable, no provision has been made (cont. 3)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aced55a6b00004005b23f
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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