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FASFIN

All Eps Dividend Board Agm Q1 Q2 Q3

FASFIN 09-Dec-2020

(Continuation news of FASFIN): would be TK 651.31 Crore and TK (43.7) respectively. The NAV per share shall be TK (31.5) 3. Bangladesh Bank has made an order to the company for accruing interest income only on realization basis some of loan, advance and lease investment. The balance of said loan, advance and lease investment was TK 498 Crore, which was 27.7 total investment. 4. The Financial statements exhibit of TK. 44,665,893 as "Non- current (cont.4)

FASFIN 09-Dec-2020

(Continuation news of FASFIN): 2. During the year, the interest income was overcharged by TK. 120.35 Crore, as a result of investment suspense was recognized as income. Consequently, the loss for the year was understated by that amount. If the interest income of the company is reduced by that that amount, then loss and EPS for the year, with taking into consideration of under provision described in serial 01 of Basis of qualified opinion paragraph, (cont.3)

FASFIN 09-Dec-2020

(Continuation news of FASFIN): TK 134.59 Crore has been accounted for as loan provision and rest of TK. 379.96 Crore with equal instalment shall be charged next 07 (seven) year. If whole required provision is charged to the profit or loss statement, then loss for the year would be TK. 530.96 Crore. And EPS (negative) would be (35.6) consequently, NAV per share at the year ended will also be reduced by the same amount. (cont.2)

FASFIN 09-Dec-2020

The auditor of the FAS Finance & Investment Limited has given the "Qualified Opinion" & "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 31 December 2019. Qualified Opinion: 1.At the year ended, the company's non-performing (classified) loan stood of TK. 1,311 Crore which is 73% of loan advance and lease investment. As a result the required loan provision of loan advance and lease at the year was TK. 514.55 Crore. One which, (cont.1)

FASFIN 09-Dec-2020

Trading of the shares of the Company will remain suspended on record date i.e., 10.12.2020.

FASFIN 09-Dec-2020

As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on December 14, 2020 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2020; Second Quarter (Q2) period ended on June 30, 2020 and Third Quarter (Q3) period ended on September 30, 2020.

FASFIN 07-Dec-2020

Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle from 08.12.2020 to 09.12.2020. Trading of the shares of the Company will remain suspended on record date i.e., 10.12.2020.

FASFIN 22-Nov-2020

There will be no price limit on the trading of the shares of the Company today (22.11.2020) following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.

FASFIN 22-Nov-2020

The Board of Directors has recommended No dividend for the year ended on December 31, 2019. Date of AGM: 28.12.2020, Time: 11:00 AM, Venue: Digital Platform. Record Date: 10.12.2020. The Company has reported Consolidated EPS of Tk. (10.12), Consolidated NAV per share of Tk. 1.93 and Consolidated NOCFPS of Tk. (8.49) for the year ended on December 31, 2019 as against Tk. (0.16) (restated), Tk. 12.05 (restated) and Tk. (9.15) (restated) respectively for the same period of the previous year.

FASFIN 12-Nov-2020

As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on November 19, 2020 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2019.

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