FCEL continues negotiations with creditors to resolve financial obligations

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

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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.

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