Maple Leaf granted loan for restructuring, Pakistan

Maple Leaf granted loan for restructuring, Pakistan
Published: 01 April 2010

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.