Corporate DisclosureUSMANIAGL

USMANIAGL Corporate Disclosure — 26 November 2019

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Last verified by BullBD

Announcement summary

What happened
USMANIAGL published a corporate disclosure on 26 November 2019. Read the full announcement for details.
Company
Usmania Glass Sheet Factory Limited
Announcement published

Original announcement

(Continuation news of USMANIAGL): may cast significant doubt on the ability to continue as a going concern in the foreseeable future, unless the competent authority gives future liquidity support and or install new machinery with latest technology for improving operational efficiency on the certainty of installation of the new technology. Moreover, the company suffers huge liquidity crisis to meet its day to day activities. The company encashed its FDR to meet liquidity crisis without acquisition (cont. 5)

Source & verification

Source
Published company disclosure
Published through
Dhaka Stock Exchange
Announcement ID
616aceb25a6b0000400580fb
Original publication
Last verified by BullBD
Translation
BullBD
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