FMPL resolves to sell company's assets

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

0:00

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.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	154,421.43 202.93M	-0.92% -1437.05
ALLSHR	92,487.78 401.80M	-0.96% -898.05
KSE30	47,322.74 112.52M	-1.11% -528.79
KMI30	221,927.00 101.40M	-0.80% -1792.09
KMIALLSHR	59,889.41 199.88M	-1.08% -652.12
BKTi	44,127.70 34.85M	-1.99% -894.82
OGTi	31,715.42 8.74M	-2.31% -748.93

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	69,970.00	71,145.00 69,345.00	-855.00 -1.21%
BRENT CRUDE	100.38	101.59 95.20	8.40 9.13%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-10.20 -9.31%
ROTTERDAM COAL MONTHLY	124.20	124.50 123.85	2.80 2.31%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	95.67	96.13 88.61	8.42 9.65%
SUGAR #11 WORLD	14.42	14.49 14.12	0.17 1.19%