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	172,399.90 320.00M	1.59% 2696.30
ALLSHR	103,927.90 888.16M	1.29% 1323.37
KSE30	51,428.16 185.27M	1.65% 836.84
KMI30	246,743.08 136.63M	1.75% 4243.24
KMIALLSHR	67,499.94 461.75M	1.34% 890.73
BKTi	46,974.29 67.03M	1.67% 773.64
OGTi	35,183.53 7.71M	0.85% 295.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,565.00	65,645.00 63,430.00	1905.00 2.99%
BRENT CRUDE	84.12	85.93 83.51	-3.21 -3.68%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	3.75 3.14%
ROTTERDAM COAL MONTHLY	131.00	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	81.32	82.42 80.25	-3.56 -4.19%
SUGAR #11 WORLD	13.70	13.97 13.68	-0.09 -0.65%