ARPAK board approves investment in Premier Grain Ethanol Limited

MG News | March 19, 2024 at 12:16 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 19, 2024 (MLN): The Board of Directors of Aqpak International Investments Limited (PSX: ARPAK) has approved the subscription of 5,000,000 Ordinary Shares of Rs10 each in"Premier Grain Ethanol Limited", as revealed in the company's filing on PSX today.

It is crucial to note that Premier Grain Ethanol is being launched as a subsidiary company of Chashma Sugar Mills Limited (PSX: CHAS).

It will be engaged in the manufacturing, production, formulation, extraction, treatment, blending, refining, purification, distillation, fermentation, reduction, dehy&ation, rectification, preparation, processing, and sale of various types and grades of Ethanol as well as related products/by-products derived from grains as raw materials.

The total paid-up capital of the new company will be Rs650.02 million divided into 65.002m Ordinary Shares of Rs10 each.

Moreover, Aryak International Investments Limited will contribute 8% shareholding of the company, amounting to Rs50m.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,596.07 264.75M	-0.54% -902.76
ALLSHR	100,017.71 623.24M	-0.46% -463.69
KSE30	49,464.92 86.97M	-0.60% -299.08
KMI30	238,952.40 97.00M	-0.58% -1388.16
KMIALLSHR	65,314.16 323.73M	-0.44% -285.47
BKTi	44,788.98 46.84M	-0.77% -347.65
OGTi	35,107.09 7.04M	-0.41% -145.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,205.00	78,495.00 76,735.00	-2005.00 -2.53%
BRENT CRUDE	110.84	111.35 109.62	1.58 1.45%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-7.25 -6.18%
ROTTERDAM COAL MONTHLY	109.00	0.00 0.00	-0.20 -0.18%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	102.88	103.23 101.57	1.86 1.84%
SUGAR #11 WORLD	14.78	0.00 0.00	-0.02 -0.14%