Crescent Fibres Limited (CFL) has received approval from its shareholders for a substantial asset sale, according to a notice issued to the Pakistan Stock Exchange (PSX) on Monday.
The Faisalabad-based company plans to sell a parcel of freehold land and buildings, marking a pivotal shift in its asset management strategy.
The assets up for sale include a freehold land parcel of 415 Kanals and 11 Marlas, along with buildings that span 278,651 square feet, situated at Chak No.202 RB, Nishatabad, Faisalabad.
This strategic disposal is subject to receiving the green light from the company’s lenders and financial institutions, indicating a collaborative approach towards financial health and sustainability.
Proceeds from this asset sale are earmarked for a dual-purpose strategy focusing on reducing the company’s financial liabilities and spearheading growth initiatives.
A significant portion of the funds will be allocated to settling dues with lenders and addressing certain liabilities, thereby aiming to lower finance costs.
In addition, Crescent Fibres intends to invest in capital expenditures, including the upgrade of machinery and the transition towards more cost-effective and efficient energy sources, to reduce fuel costs.
The remainder of the sale proceeds is planned for investment in new business ventures and capital market opportunities, signaling Crescent Fibres’ commitment to diversification and long-term growth.
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I URGENTLY NEED AN EFFECTIVE POWERFUL STRONG LOVE SPELL CASTER HELP ME BRING BACK MY EX LOVER URGENTLY 2023Â Â
Email:Â [email protected]
Whatsapp: +234 703 166 3661
This is a very joyful day of my life because of the help Dr Gbogbo has rendered to me by helping me get my ex-husband back with his magic and love spell. I was married for 6 years and it was so terrible because my husband was really cheating on me because I had Fibroids and i couldn’t conceive for my husband because of my Fibroids and my husband was seeking a divorce but when I came across Dr Gbogbo email on the internet on how he helped so many people to get their ex back and help to fix relationships and make people happy in their relationship.  Dr Gbogbo has also restored so many people’s health which includes Herpes, Fibroids, PCOS, Diabetes and many more. I explained my situation to him and then sought his help but to my greatest surprise, he told me that he will help me with my case and then give me a herbal medicine that will help me shrink my Fibroids naturally without undergoing surgery which he really did by giving me the herbal medicine that shrinked my Fibroids naturally without me going for surgery. Here I am now celebrating because my Husband has changed totally for good and I am currently pregnant for him. He always wants to be by me and can not do anything without my presence. I am really enjoying my marriage, what a great celebration. I will keep on testifying on the internet because Dr Gbogbo is truly a real spell caster. Do you really need help? then contact Dr Gbogbo now via Email: [email protected]
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