Hascol Petroleum Limited ne Millat Global Holdings Limited (“Millat”) se aik Non-Binding Letter of Intent receive kia tha. Is ke sath sath, Hascol Petroleum Limited ne apne banks ke saath Millat ko proposed intended majority sponsor shareholder ke tor par qubool karne ke liye conditions aur documentation ke liye mil kar amal karne ka faisla kiya hai.
Board ke Chairman ko Millat ki offer ki conditional acceptance ki approval de di he. Is kI buniyad par Company Millat aur banks ke saath definitive agreements ke further negotiations ke liye next steps legy, taake pending restructuring Scheme of Arrangement ko mukammal kiya ja sake.
