Security Leasing Corporation to settle pending liabilities soon

MG News | November 27, 2024 at 11:47 AM GMT+05:00

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November 27, 2024 (MLN): The management of Security Leasing Corporation Limited (PSX: SLCL) assured market participants that they will settle their pending liabilities with other creditors soon, with the positive impact expected to be reflected in their next annual accounts.

The company issued its quarterly progress report, highlighting the significant strides made by the management in the revival and restructuring of SLCL, as well as the settlement of creditors' liabilities.

It also referenced a previous disclosure about reaching a settlement with Soneri Bank Limited (SNBL), a key creditor.

Despite sharing this positive news, the company's stock has declined by 13.04% today.

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