TREET approves additional Rs3bn loan to FTMM

MG News | June 28, 2022 at 03:20 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 28, 2022 (MLN): The shareholders of Treet Corporation Limited (TREET) on Tuesday resolved to give an additional loan of Rs3 billion in addition to the already sanctioned loan to First Treet Manufacturing Modaraba (FTMM), being an associated undertaking, in the form of a working capital loan for a period of one year, the company filing on PSX showed today.

The loan shall stand transferred to Treet Battery Limited (TBL) if and when the Scheme of Arrangement for separation and transfer of the Treet Battery Project from FTMM to TBL is sanctioned by the Honorable Lahore High Court.

The aforesaid development is subject to compliance with all statutory and legal requirements.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,442.12 270.27M	0.98% 1749.21
ALLSHR	108,500.47 503.47M	0.91% 973.08
KSE30	53,511.96 95.62M	0.92% 489.08
KMI30	256,509.95 90.35M	0.68% 1720.69
KMIALLSHR	70,508.97 345.16M	0.82% 571.83
BKTi	48,753.42 20.03M	1.64% 786.78
OGTi	37,021.88 3.86M	0.51% 188.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,610.00	63,045.00 62,390.00	245.00 0.39%
BRENT CRUDE	76.09	77.00 75.85	-0.99 -1.28%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.50 0.44%
ROTTERDAM COAL MONTHLY	125.90	125.90 125.90	-0.15 -0.12%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	72.28	73.18 72.03	-0.93 -1.27%
SUGAR #11 WORLD	13.92	13.96 13.83	-0.03 -0.22%