FCEL negotiates debt settlements

MG News | January 07, 2025 at 02:25 PM GMT+05:00

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January 07, 2025 (MLN): First Capital Equities Limited (PSX: FCEL) has reported ongoing negotiations with secured creditors and financial institutions to settle overdue financial obligations on favorable terms.

In its latest progress report, the company highlighted its strategic efforts to address financial challenges and lay the groundwork for future growth.

“The Company is ·also considering other strategic options as part of its future business plan, including real estate projects As soon as the settlement is done with financial institutions the Company will Implement its revised business plans”, the report stated.

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