Maple Leaf granted loan for restructuring, Pakistan
Maple Leaf has entered into agreements with lender banks for restructuring of its debts.
The company also intends to inject more equity, which could give it a new lease of life.
An announcement made at the Karachi Stock Exchange on Tuesday stated that a meeting of the board of directors was scheduled to be held on Monday (April 5) to review and discuss business affairs of the company, restructuring of long-term loans, along with a proposal of further issue of shares otherwise than rights subject to approval of shareholders and the Securities and Exchange Commission of Pakistan.
Published under Cement News
