HWQS sponsors arranging funds for working capital, season preparation

MG News | January 09, 2024 at 04:06 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 09, 2024 (MLN): The sponsors of Haseeb Waqas Sugar Mills Limited (PSX: HWQS) are in the process of arranging funds to meet the working capital requirement for the maintenance of mills, rescheduling and restructuring with financial institutions, and covering the startup costs of the upcoming crushing season through the sale of off-balance-sheet assets.

Furthermore, the company's management is optimistic and actively working towards conducting the trial during the current season.

The company disclosed this information in its progress report for December, which was issued to the local bourse today.

It is important to mention that HWQS is presently under the defaulter segment and is engaged in the manufacture and sale of refined sugar and its by-products.

Moreover, the company's share price has experienced a significant increase, currently up by 9.71% or 1 rupee for the day.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	178,922.76 458.03M	-1.36% -2475.46
ALLSHR	107,850.27 1,038.22M	-1.24% -1356.82
KSE30	53,308.95 263.66M	-1.46% -789.54
KMI30	255,193.17 241.09M	-1.46% -3789.62
KMIALLSHR	69,955.81 579.69M	-1.31% -930.18
BKTi	48,839.93 52.13M	-1.20% -593.67
OGTi	36,450.04 22.36M	-1.87% -693.83

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,645.00	63,825.00 62,315.00	700.00 1.11%
BRENT CRUDE	80.38	80.81 78.77	0.53 0.66%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	-0.25 -0.22%
ROTTERDAM COAL MONTHLY	125.50	0.00 0.00	1.20 0.97%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	76.54	76.78 74.98	0.69 0.91%
SUGAR #11 WORLD	14.14	14.50 14.10	-0.23 -1.60%