Systems Limited contemplates Rs590m loan renewal

MG News | April 19, 2024 at 04:29 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 19, 2024 (MLN): The shareholders of Systems Limited (PSX: SYS) have resolved to consider and, if thought fit, approve the renewal of loans worth Rs590 million to three of its subsidiaries and associated companies, said a notice issued by the company on Friday.

This includes a Rs50m loan to SUS Joint Venture (Private) Limited, a subsidiary of the SYS.

Furthermore, the renewal of loans to two of the company’s associates, UUS Joint Venture (Private) Limited worth Rs200m and EProcessing Systems (Private) Limited worth Rs340m, is currently under consideration.

Copyright Mettis Link News

Related News

PSX Closing Bell: Gains Cut Short

Pakistan mutual funds hit Rs4.48tr; equity AUMs surge 9% MoM

S.G. Power rebrands as Crestwell Healthcare

Name	Price/Vol	%Chg/NChg
KSE100	165,747.38 32.52M	-0.45% -751.46
ALLSHR	100,161.44 129.72M	-0.32% -319.96
KSE30	49,462.01 13.65M	-0.61% -301.99
KMI30	239,234.16 17.08M	-0.46% -1106.40
KMIALLSHR	65,367.14 57.63M	-0.35% -232.49
BKTi	44,772.38 6.34M	-0.81% -364.25
OGTi	34,949.68 1.43M	-0.86% -302.62

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,945.00	81,895.00 80,805.00	-675.00 -0.83%
BRENT CRUDE	107.07	107.49 106.26	1.35 1.28%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-6.70 -5.74%
ROTTERDAM COAL MONTHLY	108.25	108.25 107.25	0.00 0.00%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	98.42	98.73 97.23	-2.75 -2.72%
SUGAR #11 WORLD	15.00	15.42 14.92	-0.38 -2.47%