ASL, MISI Japan sign TDA to expand steel business in Pakistan

MG News | September 22, 2021 at 03:43 PM GMT+05:00

0:00

September 22, 2021 (MLN): Aisha Steel Mills Limited (Pakistan) and Marubeni-Itochu Steel Inc. (MISI) (Japan) have entered into a strategic alliance and have signed a Trade Development Agreement (TDA) in order to expand steel business in Pakistan.

Pursuant to the TDA, it has been agreed that subject to certain conditions, ASML appoints MISI as its supplier for buying or procuring its raw material on mutually beneficial basis.

Additionally, MISI has purchased 38,276,000 Ordinary shares of Aisha Steel Mills Limited (ASL) from Arif Habib Corporation Limited (an associated company of ASML), at a price of Rs. 30/- per share, constituting approximately 4.69% of the issued share capital of

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	155,777.21 362.16M	-0.86% -1354.88
ALLSHR	92,994.52 618.17M	-0.61% -572.34
KSE30	47,890.76 137.48M	-0.85% -412.22
KMI30	220,015.06 115.60M	-0.35% -783.45
KMIALLSHR	59,910.72 260.41M	-0.13% -77.81
BKTi	45,388.60 42.55M	-1.74% -804.48
OGTi	30,631.34 29.10M	1.45% 438.24

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,925.00	71,075.00 67,615.00	2460.00 3.59%
BRENT CRUDE	84.03	84.48 81.28	2.63 3.23%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-7.85 -7.32%
ROTTERDAM COAL MONTHLY	124.15	0.00 0.00	-3.85 -3.01%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	76.86	77.23 74.37	2.30 3.08%
SUGAR #11 WORLD	14.04	14.04 13.94	0.11 0.79%