FCEL in talks with creditors to resolve financial obligations

MG News | January 08, 2024 at 12:28 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 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	177,370.71 271.87M	0.23% 404.02
ALLSHR	107,716.20 642.21M	0.11% 116.44
KSE30	52,827.24 82.38M	0.35% 182.71
KMI30	251,579.93 132.42M	0.03% 64.11
KMIALLSHR	69,528.14 417.99M	0.00% 2.11
BKTi	50,313.91 13.15M	1.11% 551.71
OGTi	36,509.94 8.96M	-0.87% -321.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,445.00	81,350.00 78,710.00	595.00 0.75%
BRENT CRUDE	89.44	92.90 89.05	-2.73 -2.96%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	-0.20 -0.18%
ROTTERDAM COAL MONTHLY	124.55	0.00 0.00	0.05 0.04%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	82.50	85.84 82.04	-2.51 -2.95%
SUGAR #11 WORLD	17.48	17.74 17.40	-0.17 -0.96%