Reliance Weaving Diversifies Into Home Textiles: What It Means for REWM Stock
Reliance Weaving Mills is expanding beyond its core weaving business into home textiles, a move aimed at higher value added products and a broader export mix.
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Reliance Weaving Mills is expanding beyond its core weaving business into home textiles, a move aimed at higher value added products and a broader export mix.
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.
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