Tung Hai Knitting and Dyeing Limited announcements
110 Dhaka Stock Exchange announcements for Tung Hai Knitting and Dyeing Limited (TUNGHAI) since 2014: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2021 (20).
- (Continuation news of TUNGHAI): Material Uncertainty Relating to Going Concern: We draw attention to Note 3.03 in the fi
(Continuation news of TUNGHAI): Material Uncertainty Relating to Going Concern: We draw attention to Note 3.03 in the financial statements, which indicates that the Company incurred a net loss of tk. 929,385,904/- during the year ended 30 June 2018. As stated in Note 3.03 the events or condition, along with other matters, indicate that material uncertainty exists that may cast significant doubt on the Company\'s ability to continue as a going concern. (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of TUNGHAI): Our opinion is not modified in respect of this matter. 3.03 Going Concern: As per IAS-1,
(Continuation news of TUNGHAI): Our opinion is not modified in respect of this matter. 3.03 Going Concern: As per IAS-1, a Company is required to make assessment at the end of each year to assess its capability to continue as going concern. Management of the company makes such assessment each year. (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of TUNGHAI): ability to continue as a going concern. Our opinion is not modified in respect of this m
(Continuation news of TUNGHAI): ability to continue as a going concern. Our opinion is not modified in respect of this matter. 3.03 Going Concern: As per IAS-1, a Company is required to make assessment at the end of each year to assess its capability to continue as going concern. Management of the company makes such assessment each year. (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of TUNGHAI): The company has adequate resources to continue in operation for the foreseeable future a
(Continuation news of TUNGHAI): The company has adequate resources to continue in operation for the foreseeable future and has wide coverage of its liabilities. For this reason, the Directors continue to adopt the going concern assumption while preparing the financial statements. (end)
The first part of this announcement is missing from the archive. - The auditor of the Tung Hai Knitting & Dyeing Limited has given the \"Qualified Opinion\" & \"Going Concern\" paragraphs
The auditor of the Tung Hai Knitting & Dyeing Limited has given the \"Qualified Opinion\" & \"Going Concern\" paragraphs in the Auditor\'s Report for the year ended on 30 June, 2021. Basis for Qualified Opinion: Last Annual General Meeting of the Company held on 22.12.2016, there after though the production of the Company were running but it went downwards in the subsequent period due to a corrupt and treacherous syndicate sprang up within the Company. (cont.1)
- (Continuation news of TUNGHAI): Also some sorts of trouble, including stirring up worker\'s insubordinations and about t
(Continuation news of TUNGHAI): Also some sorts of trouble, including stirring up worker\'s insubordinations and about the same time the local garments industry as a whole began to suffer because of the global recession, orders became few and far between, and many orders were cancelled. With a hostile environment within the Company, directors became tired and gave up, CEO resigned, productions stopped and the Company was grinding to a halt by September 2017, (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of TUNGHAI): ultimately the factory was closed sine die. No AGM was held from year 2017 till to date.
(Continuation news of TUNGHAI): ultimately the factory was closed sine die. No AGM was held from year 2017 till to date. Material Uncertainty Relating to Going Concern: We draw attention to Note 3.03 in the financial statements, which indicates that the Company incurred a net loss of tk. 30,402,745/= during the year ended 30 June 2021. As stated in Note 3.03 the events or condition, along with other matters, (cont.3) (Continuation news of TUNGHAI): ultimately the factory was closed sine die. No AGM was held from year 2017 till to date. Necessary documents and papers couldn\'t be furnished before us, such as production register, stock ledger/register, related to expenses, physical inventory report, etc. except bank statements (which were collected subsequently). However, the accounts were audited within the scope limited documents as were produced before us. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of TUNGHAI): indicate that material uncertainty exists that may cast significant doubt on the Company
(Continuation news of TUNGHAI): indicate that material uncertainty exists that may cast significant doubt on the Company\'s ability to continue as a going concern. Our opinion is not modified in respect of this matter. 3.03 Going Concern/Significant Deviation: As per IAS-1, a Company is required to make assessment at the end of each year to assess its capability to continue as going concern. Management of the company makes such assessment each year. (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of TUNGHAI): The reported Earnings Per Share (EPS) of the Company for the year under audit falls to (
(Continuation news of TUNGHAI): The reported Earnings Per Share (EPS) of the Company for the year under audit falls to (1.87), though it was (3.11) for the year 2018-2019. This is significant deviation in the overall financial performance of the Company. The Company shut down from last year. (end)
The first part of this announcement is missing from the archive. - Resumption after record date
Trading of the shares of the Company will resume on 21.12.2021 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 20.12.2021.
- Spot News
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 14.12.2021 to 19.12.2021. Trading of the shares of the Company will remain suspended on record date i.e., 20.12.2021.
- The Board of Directors has recommended No dividend for the year ended on June 30, 2017, 2018, 2019, 2020 and 2021. Date
The Board of Directors has recommended No dividend for the year ended on June 30, 2017, 2018, 2019, 2020 and 2021. Date of AGMs: 29.12.2021, Time: 9:30 AM, 11:00 AM, 12:30 PM, 2:30 PM and 4:00 PM respectively, Venue: Digital Platform. Record Date: 20.12.2021 for the year of 2017, 2018, 2019, 2020 and 2021. (cont. 1)
- (Continuation news of TUNGHAI): The Company has also reported EPS of Tk. (0.31), NAV per share of Tk. (6.33) and NOCFPS
(Continuation news of TUNGHAI): The Company has also reported EPS of Tk. (0.31), NAV per share of Tk. (6.33) and NOCFPS of Tk. 0.00 for the year ended on June 30, 2021 as against Tk. (2.06), Tk. (6.02) and Tk. 0.34 respectively for the year ended on June 30, 2020. (cont. 2)
The first part of this announcement is missing from the archive. - (Continuation news of TUNGHAI): The Company has also reported EPS of Tk. (3.43), NAV per share of Tk. (3.96) and NOCFPS
(Continuation news of TUNGHAI): The Company has also reported EPS of Tk. (3.43), NAV per share of Tk. (3.96) and NOCFPS of Tk. 0.12 for the year ended on June 30, 2019 as against Tk. (9.59), Tk. (0.54) and Tk. (3.28) respectively for the year ended on June 30, 2018. (cont. 3)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (01.12.2021) following its corporate declaration.
- Dividend Declaration for 2017, 2018, 2019, 2020 and 2021
(Continuation news of TUNGHAI): The Company has also reported EPS of Tk. (4.19), NAV per share of Tk. 9.05 and NOCFPS of Tk. 1.63 for the year ended on June 30, 2017 as against TK. 0.58, Tk. 13.24 and Tk. 0.22 respectively for the year ended on June 30, 2016. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 19(1)
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 30, 2021 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2017, 2018, 2019, 2020 and 2021.
- Permission to hold AGM
The Company has informed that they received an order from Hon'ble High Court Division in Company Matter No. 22 of 2021 in relation to holding of Annual General Meeting of the Company for the year 2017-2020 within eight weeks from November 09, 2021.
- Query Response
In response to a DSE query dated July 14, 2021, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike and increase in volume of shares.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.