EGMSAFKOSPINN
SAFKOSPINN Corporate Disclosure — 17 December 2019
Announcement summary
- What happened
- SAFKOSPINN published a corporate disclosure on 17 December 2019. Read the full announcement for details.
- Company
- Safko Spinnings Mills Ltd.
- Announcement published
Original announcement
Qualified Opinion: 1. As per BSEC notification SEC/CMRRCD/2006-159/admin/02/10 dated September 10, 2006 requires permission of shareholders (at AGM/EGM) to provide loan to an entity of close family members of directors of the company. But the said permission has not been provided to us. 2. The entity made revaluation of assets on September 2012, but as per IAS 16, para 34 revaluation should be made with a frequency of 3 to 5 years, which is non-compliance of the said standards.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aceb25a6b000040057e65
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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