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): that the auditors of UniCap investments Limited, one of the subsidiaries of the Group, have qualified their opinion referring to note 27 of its financial statements. It appears from that note, the subsidiary has created provision of Tk.165,000,000.00 equivalent to @ 23% against margin loan, on the basis of net negative equity of (cont.2)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf4d5a6b000040064b34
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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