FTMM files petition for battery division’s demerger

MG News | January 24, 2022 at 02:57 PM GMT+05:00

0:00

January 24, 2022 (MLN): The management of the First Treet Manufacturing Modaraba (FTMM) has filed a petition before the Honorable High Court of Lahore for the demerger of battery division.

This is a reference to the approval accorded by the board of directors of the management company, fulfilment of all legal and regulatory requirements and pursuant to the relevant sections of the Companies Act, 2017.

While the matter is sub judice the Battery Division will continue to be a part of FTMM, the notification added.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	174,453.94 378.71M	-2.87% -5149.79
ALLSHR	104,971.25 768.15M	-2.82% -3049.94
KSE30	53,198.53 164.55M	-2.97% -1629.79
KMI30	246,378.79 122.98M	-2.77% -7017.29
KMIALLSHR	67,606.67 353.71M	-2.49% -1723.51
BKTi	49,956.50 81.12M	-3.77% -1956.89
OGTi	34,148.45 27.47M	-2.58% -904.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,930.00	70,170.00 67,325.00	-905.00 -1.31%
BRENT CRUDE	68.36	68.58 67.32	0.61 0.90%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-2.25 -2.29%
ROTTERDAM COAL MONTHLY	105.05	105.05 105.05	0.20 0.19%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	63.53	63.73 62.49	0.64 1.02%
SUGAR #11 WORLD	13.55	13.57 13.42	0.07 0.52%