Amtex gets Shareholder consent for land sale in debt plan

News Image

By MG News | June 25, 2025 at 03:49 PM GMT+05:00

0:00

June 25, 2025 (MLN): Amtex Limited (PSX: AMTEX) has obtained shareholder consent for the sale of land measuring 165 Marlas located at Chak 204 R.B. Raza Garden Canal Road, Faisalabad, and 6 Kanal 2 Marlas at Chak 120 J.B. Sargodha Road, Faisalabad.

The sale is part of a debt repayment plan currently under negotiation between the company and its lender banks, the company's filing on PSX revealed today. 

As part of this approval, the Board of Directors has been authorized and empowered to execute the "Assets Sale."

The Board may delegate its powers to the Chief Executive Officer or any Director, either individually or jointly with another Director or person, on terms and conditions they deem appropriate, to act on behalf of the company in implementing and giving effect to the sale.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 132,923.92
14.45M
0.26%
346.93
ALLSHR 83,169.49
76.11M
0.22%
185.82
KSE30 40,422.79
2.62M
0.16%
63.99
KMI30 191,119.57
2.91M
0.21%
392.24
KMIALLSHR 55,795.97
30.57M
0.18%
97.50
BKTi 36,382.79
0.74M
0.39%
140.72
OGTi 28,203.12
0.42M
-0.42%
-120.30
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 111,480.00 112,170.00
111,420.00
-765.00
-0.68%
BRENT CRUDE 70.23 70.24
69.91
0.04
0.06%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.45
1.51%
ROTTERDAM COAL MONTHLY 108.00 109.00
107.95
0.90
0.84%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.39 68.41
68.04
0.01
0.01%
SUGAR #11 WORLD 16.54 16.61
16.08
0.41
2.54%

Chart of the Day


Latest News
July 10, 2025 at 09:26 AM GMT+05:00

NBP issues foreign exchange rates


July 10, 2025 at 06:22 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 09, 2025 at 11:58 PM GMT+05:00

Auction Result: Govt raises Rs1.5tr through T-bills



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg