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

News Image

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 167,973.10
250.06M
1.04%
1730.19
ALLSHR 102,009.80
369.95M
0.87%
876.98
KSE30 51,398.31
63.27M
1.01%
511.71
KMI30 243,306.12
34.13M
0.91%
2189.47
KMIALLSHR 67,072.65
246.08M
0.83%
553.21
BKTi 48,219.53
39.42M
1.07%
508.46
OGTi 32,773.84
5.19M
1.10%
355.22
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,070.00 111,160.00
108,010.00
-3005.00
-2.71%
BRENT CRUDE 60.82 61.01
60.58
-0.19
-0.31%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.50
-1.83%
ROTTERDAM COAL MONTHLY 92.75 92.75
92.75
-0.25
-0.27%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 56.83 57.02
56.60
-0.19
-0.33%
SUGAR #11 WORLD 15.77 15.78
15.51
0.27
1.74%

Chart of the Day


Latest News
October 21, 2025 at 09:37 AM GMT+05:00

NBP issues foreign exchange rates


October 21, 2025 at 09:13 AM GMT+05:00

Asia markets surge as US-China trade tensions ease


October 21, 2025 at 09:07 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


October 20, 2025 at 07:15 PM GMT+05:00

Bank deposit rate falls to 5.28% in September



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg