FCEL continues negotiations with creditors to resolve financial obligations

MG News | April 08, 2024 at 11:56 AM GMT+05:00

0:00

April 08, 2024 (MLN): First Capital Equities Limited (PSX: FCEL) is currently in the process of negotiations with secured creditors/financial institutions for the settlement of its overdue financial obligations, as revealed in the entity's progress report issued to the local bourse today.

Moreover, concerning the future business plan, the company is considering various strategic options, including real estate projects.

As soon as the settlement is done with the financial institutions, the company will implement its revised business plans.

It is important to mention that the principal activity of the company is to acquire, construct, develop, sell, rent out, and manage shops, apartments, villas, and commercial buildings.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%