Creditors extend deadline for Muzaffargarh unit's sale transaction: ANL

MG News | March 15, 2023 at 02:56 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 15, 2023 (MLN): Muzaffargarh Unit's Creditors' Scheme of Arrangement, which involves the sale of lands, plant, equipment, and installments, has been extended until June 30, 2023, Azgard Nine Limited (ANL) informed PSX on Wednesday through a notification.

This is due to certain unavoidable circumstances, according to the Agent Banks of the Creditors who are authorized to oversee the process.

The sale transaction was initially planned to be completed by a previous deadline, but due to the extension, interested parties will have more time to participate in the sale process.

This development will be closely watched by stakeholders and investors as it could have significant implications for the financial position of the Muzaffargarh Unit.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,596.07 264.75M	-0.54% -902.76
ALLSHR	100,017.71 623.24M	-0.46% -463.69
KSE30	49,464.92 86.97M	-0.60% -299.08
KMI30	238,952.40 97.00M	-0.58% -1388.16
KMIALLSHR	65,314.16 323.73M	-0.44% -285.47
BKTi	44,788.98 46.84M	-0.77% -347.65
OGTi	35,107.09 7.04M	-0.41% -145.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,165.00	81,895.00 78,675.00	-2455.00 -3.01%
BRENT CRUDE	109.47	109.75 106.26	3.75 3.55%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-2.95 -2.61%
ROTTERDAM COAL MONTHLY	109.00	109.00 108.75	1.25 1.16%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	101.16	101.57 97.23	4.24 4.37%
SUGAR #11 WORLD	14.78	15.07 14.67	-0.21 -1.40%