RegulatoryUNIONCAP
Brokers Asked to Suspend Margin Loans for UNIONCAP Shares
Announcement summary
- What happened
- Brokers and merchant bankers were asked to stop providing margin-loan facilities for purchases of UNIONCAP shares.
- Company
- Union Capital Limited
- Announcement published
Original announcement
(Continuation of news of UNIONCAP): Tk.717,551,651.00 instead of gross negative equity. Had the subsidiary provided provision on gross negative equity, there would have been a requirement of further provision of Tk.256,197,413.00. Furthermore, the same subsidiary has also recognised interest income arising from total margin loan portfolio, comprising both negative and positive equity balances. (end)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf4d5a6b000040064b33
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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