Attock Cement receives $5.85m from sale of subsidiary shares

MG News | August 16, 2024 at 03:48 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 16, 2024 (MLN): Attock Cement Pakistan Limited (PSX: ACPL) has received a sum of $5.85 million as consideration against the sale of further 4.5m shares held in its subsidiary Saqr AI Keetan for Cement Production Company Limited' (SAKCPCL).

The company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Friday.

This follows ACPL's previous announcements on April 28, 2023, and June 21, 2023, regarding the sale of 9m shares for $11.7m.

Moreover, the company is now initiating the process of transfer of further 4.5m shares to one of the buyers as per the share purchase agreement under the prevailing laws of Islamic Republic of Iraq.

Accordingly, the company said that it will keep the stakeholders informed on any further update in this respect.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,039.83 457.43M	2.69% 4639.92
ALLSHR	106,439.15 980.52M	2.42% 2511.25
KSE30	52,890.43 243.06M	2.84% 1462.27
KMI30	253,474.66 222.84M	2.73% 6731.57
KMIALLSHR	69,154.67 541.49M	2.45% 1654.73
BKTi	48,191.73 63.48M	2.59% 1217.44
OGTi	35,876.09 14.73M	1.97% 692.56

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,870.00	66,870.00 63,430.00	3210.00 5.04%
BRENT CRUDE	83.21	85.93 82.52	-4.12 -4.72%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	3.75 3.14%
ROTTERDAM COAL MONTHLY	131.00	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	80.44	82.42 79.70	-4.44 -5.23%
SUGAR #11 WORLD	13.73	13.90 13.61	0.03 0.22%