FMPL resolves to sell company's assets

MG News | December 14, 2021 at 03:17 PM GMT+05:00

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December 14, 2021 (MLN): The shareholders of Faruki Pulp Mills Ltd (FMPL) during their extraordinary general meeting have resolved the disposal and sale of the company’s assets to the prospective buyers, the company filing on PSX showed today.

The assets include entire project land, building, plant & machinery, and other moveable and immoveable assets.

The shareholders have also authorized and empowered the company's board for the sale of FPML's assets by performing all deeds to implement and to give effect to the sale of assets and the transaction contemplated by it, the notification added.

To note, FMPL is the subsidiary company of JDW Sugar Mills Limited.

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