CHCC's board approves investment of Rs75m in Mirpurkhas Sugar Mills

News Image

MG News | February 16, 2024 at 01:22 PM GMT+05:00

0:00

February 16, 2024 (MLN): The Board of Directors (BoD) of Cherat Cement Company Limited (PSX: CHCC) has approved an investment of up to an aggregate amount of Rs75 million in Mirpurkhas Sugar Mills Limited (PSX: MIRKS), company's filing on local bourse revealed today.

MIRKS is an associated company of Cherat Cement, and the investment would be made by subscribing to ordinary right shares, with further investment planned during the proposed rights issue process.

The company further informed that for the aforesaid purpose, an Extraordinary General Meeting of the company will be held on March 21, 2024.

At the time of writing, CHCC's scrip is being traded at Rs143, down by 3.8% DoD despite recording impressive earnings.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,640.00 119,740.00
116,460.00
-655.00
-0.55%
BRENT CRUDE 73.63 73.63
71.75
1.12
1.54%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.37 70.51
68.45
1.16
1.68%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg