Yousaf Weaving Mills to Issue 36.35m Shares to CEO, Converting Rs363m Loan to Equity
Yousaf Weaving Mills won SECP approval to issue 36.35 million new shares to its CEO at par value, settling his Rs363.5 million interest-free loan to the company by turning it into equity. The move restructures the balance sheet but dilutes existing holders.
Medium impactLong-term