ACPL receives $5.85m from subsidiary share sale

MG News | September 09, 2024 at 02:39 PM GMT+05:00

0:00

September 09, 2024 (MLN): Attock Cement Pakistan Limited (PSX: ACPL) has the third tranche of $5.85 million against the sale of its 4.5m shares in its subsidiary Saqr Al Keetan for cement production limited (SAKCPCL), the company’s filing on PSX revealed today.

"We are now pleased to inform that the company has today received a sum of remaining $5,850,000 as final consideration against the sale of remaining 4,500,000 shares held in SAKCPCL," reads the notice.

The company said it is now initiating the process of transfer of remaining final 4.5m shares to one of the buyers as per the share purchase agreement under the prevailing laws of Islamic Republic of Iraq

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