InvestmentWATACHEM
WATACHEM Approves Factory BMRE Investment
Announcement summary
- What happened
- WATACHEM approved a factory BMRE investment.
- Purpose
- BMRE of the company’s factory
- Facility / project
- Factory BMRE
- Company
- Wata Chemicals Limited
- Announcement published
Original announcement
(Continuation news of WATACHEM): the Company has explained the reason for not making any loss allowance against Trade Receivable for Expected Credit Loss (ECL) in accordance with the requirements of IFRS 9. 4. As disclosed in Note # 8.02 to the financial statements "Advances, Prepayments and Deposits" include Taka 268,433,846 as advance against capital expenditures payment to suppliers for BMRE works in respect of new Plant & Equipment. (cont.7)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 619f4cd103147376ea5e5e02
- Original publication
- Last verified by BullBD
- Translation
- BullBD
More news from WATACHEM
Financial information is provided for general reference only and may be revised by the company. BullBD is not the official DSE website. Not investment advice.