Chenab Limited has announced the approval of its Board of Directors to sell several non-core assets, pending creditor approval, to address company debt.
- Assets for sale include a weaving unit in Nankana Sahib and additional properties in Faisalabad.
- The weaving unit comprises 197 Kanals and 16 Marlas of land, along with buildings and machinery.
- The second unit consists of 16 Kanals and 13 Marlas of land and buildings.
- Open plots measuring 4 Kanals and 2.5 Sarsahi are also included in the sale.
- The proceeds from the asset sales will be allocated towards debt repayment.
- The sale is not expected to impact the operational capacity of Chenab Limited.