Archroma explores potential merger with Huntsman Textile Effects Pakistan

MG News | March 15, 2023 at 02:46 PM GMT+05:00

0:00

March 15, 2023 (MLN): The Board of Directors (PSX: BoD) of Archroma Pakistan Limited (PSX: ARPL) has authorized the company to explore the feasibility of a potential merger of Huntsman Textile Effects Pakistan (Private) Limited, being a subsidiary of the Company's parent / holding company i.e. Archroma Textiles GmbH, with and into the company.

Upon finalization by the management, the same will be presented to the board of directors for their consideration.

For the purposes of the same, the company has also been authorized to, inter alia, engage legal, financial, and such other advisors and consultants as may be required for the purposes of the above, and carry out other necessary steps and actions.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,373.31 175.28M	1.34% 2184.78
ALLSHR	99,659.72 495.76M	1.25% 1230.26
KSE30	50,494.04 102.10M	1.52% 758.11
KMI30	237,098.29 91.75M	1.83% 4268.58
KMIALLSHR	64,872.18 232.84M	1.68% 1071.32
BKTi	45,120.50 28.36M	1.41% 627.37
OGTi	32,438.42 19.12M	2.20% 696.90

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	91,250.00	92,390.00 90,590.00	895.00 0.99%
BRENT CRUDE	63.02	63.32 62.75	-0.11 -0.17%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	96.00	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	58.66	58.96 58.27	0.01 0.02%
SUGAR #11 WORLD	15.12	15.19 14.86	0.21 1.41%