Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

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FTMM approves conversion of short-term loan given by Treet Corporation into equity

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December 21, 2020 (MLN): The Board of Directors of First Treet Manufacturing Madaraba (FTMM) have approved the conversion of short-term loan given to the company by Treet Corporation Limited in to FTMM’s equity.

As per the notice sent by the company to Exchange, the Board of Directors have also approved that the debt conversion into equity will take place without a rights issue and is subject to approval of Securities and Exchange Commission of Pakistan.

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Posted on: 2020-12-21T14:37:00+05:00

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