Chashma Sugar Mills secures 51% shareholding in Ultimate Whole Foods Ltd

MG News | July 15, 2021 at 02:04 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 15, 2021 (MLN): The shareholders of Chashma Sugar Mills Limited have approved an investment of Rs204mn i.e., 51% shareholding in Ultimate Whole Foods Pvt Limited.

In addition, the shareholders also resolved to issue Corporate Guarantees amounting to Rs400mn to the Bank of Khyber and Rs425mn to MCB Bank Limited as security against Long Term Loan of Rs825mn to be obtained by Ultimate Whole Foods Pvt Limited.

They further authorized Chief Executive Officer (CEO) of the company to approve all the transactions conducted and to be conducted in the ordinary course of business with the Related Companies and in this connection the CEO has been authorized to take any and all actions and sign, execute all such documents as may be required in this regard on behalf of the Company.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,571.27 436.67M	1.06% 1878.35
ALLSHR	108,600.94 844.23M	1.00% 1073.54
KSE30	53,548.42 162.02M	0.99% 525.53
KMI30	256,725.70 154.74M	0.76% 1936.43
KMIALLSHR	70,620.69 563.61M	0.98% 683.55
BKTi	48,625.03 36.31M	1.37% 658.39
OGTi	37,179.52 8.29M	0.94% 345.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	60,650.00	60,900.00 58,505.00	1215.00 2.04%
BRENT CRUDE	71.95	75.13 71.38	-3.31 -4.40%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.75 0.66%
ROTTERDAM COAL MONTHLY	126.25	126.25 126.25	0.35 0.28%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	69.04	71.86 68.56	-2.88 -4.00%
SUGAR #11 WORLD	14.64	14.68 14.02	0.54 3.83%