REWM to convert Fatima Transmission’s outstanding loans into preference shares

MG News | June 01, 2022 at 01:23 PM GMT+05:00

0:00

June 01, 2022 (MLN): The Board of Directors of Reliance Weaving Mills Limited (PSX: REWM) has approved the conversion of outstanding loans and advances of Fatima Transmission Company Limited amounting to Rs73.39 million into unlisted, non-voting, non-cumulative, participatory, convertible and redeemable preference shares at par value of Rs10 each, the company's filing on PSX showed on Wednesday.

However, the aforesaid development is subject to the approval of the shareholders of the company.

Reliance Weaving Mills Limited comprises 336 latest technology Tsudakoma Air-Jet Looms with a monthly weaving capacity of about 6 million meters.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,191.38 452.22M	1.01% 1673.87
ALLSHR	99,572.56 854.13M	1.14% 1123.80
KSE30	50,589.37 258.13M	0.84% 420.31
KMI30	242,439.68 214.57M	0.52% 1247.28
KMIALLSHR	65,152.10 464.27M	0.90% 579.98
BKTi	45,989.68 77.65M	1.01% 460.44
OGTi	34,428.33 15.83M	0.36% 122.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	73,630.00	0.00 0.00	145.00 0.20%
BRENT CRUDE	94.26	98.26 94.20	-1.66 -1.73%
RICHARDS BAY COAL MONTHLY	105.00	0.00 0.00	0.10 0.10%
ROTTERDAM COAL MONTHLY	104.00	105.70 104.00	-2.70 -2.53%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	95.63	0.00 0.00	-0.94 -0.97%
SUGAR #11 WORLD	13.76	14.06 13.71	-0.16 -1.15%