SLCL makes further progress in creditor settlements amid restructuring drive
MG News | July 22, 2026 at 03:05 PM GMT+05:00
July 22, 2026 (MLN): Security Leasing Corporation Ltd (PSX:SLCL) has made
further headway in its restructuring and revival plan, settling with several
creditors while negotiations with others near completion.
The company said discussions with its remaining creditors are progressing
well and are expected to conclude successfully in the coming months.
The company noted that some creditor settlements are now in their final
stage.
It added that the financial impact of these settlements, along with the
broader restructuring process, will be reflected in its forthcoming annual
financial statements.
The company attributed these positive developments to the continuous
efforts of its management and the support extended by the Pakistan Stock
Exchange, expressing appreciation for the cooperation and understanding shown
throughout the process.
The aforementioned information was disseminated through a
notification to Exchange.
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