Security Leasing Corporation in negotiation with BOK, BOP and SNBL for loan settlement

MG News | April 07, 2022 at 10:20 AM GMT+05:00

0:00

April 07, 2022 (MLN): Security Leasing Corporation Limited is in negotiation with the major creditors; namely Bank of Khyber, Bank of Punjab, and Soneri Bank for the loan settlement and revival of the company.

In its progress report issued to the bourse, the company said that in order to resume commercial operations, a transaction advisory firm and legal advisors were engaged to arrive at a settlement with creditors; and negotiations were immediately started with three major creditors Bank of Khyber, Bank of Punjab and Soneri Bank and are progressing steadily with corporate head and top management at each of the financial institutions.

The company is hopeful of arriving at an understanding on the loan settlement in the second quarter.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	148,617.78 624.60M	0.86% 1274.27
ALLSHR	91,685.08 1,340.28M	0.74% 669.39
KSE30	45,247.79 197.43M	0.83% 370.74
KMI30	212,370.79 224.51M	1.05% 2209.48
KMIALLSHR	61,227.89 711.87M	1.18% 715.56
BKTi	41,264.02 160.39M	0.54% 221.73
OGTi	30,019.10 23.63M	0.64% 190.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,265.00	113,390.00 108,020.00	-4475.00 -3.97%
BRENT CRUDE	67.46	67.94 67.29	-0.52 -0.76%
RICHARDS BAY COAL MONTHLY	88.70	88.70 88.70	-0.75 -0.84%
ROTTERDAM COAL MONTHLY	96.15	96.75 96.00	-0.40 -0.41%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.01	64.55 63.88	-0.59 -0.91%
SUGAR #11 WORLD	16.34	16.52 16.33	-0.14 -0.85%