FCEL moves to restructure debt, explore new ventures

MG News | October 07, 2024 at 01:13 PM GMT+05:00

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October 07, 2024 (MLN): First Capital Equities Limited (PSX: FCEL) is in the process of negotiations with secured Creditors/financial institutions for the settlement of its overdue financial obligations on some favourable terms, the company's progress report for the quarter ended September 30, 2024, revealed.

The company is also considering other strategic options as part of its future business plan, including real estate projects, it added.

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

The management of the company also ensured that it would keep updating PSX and make necessary disclosures in compliance with law and PSX regulations in due course of time.

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