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

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

Add Mettisglobal as a Trusted Source on Google

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	180,511.02 526.92M	0.07% 118.05
ALLSHR	108,555.87 1,212.83M	0.36% 391.07
KSE30	53,841.27 248.20M	-0.15% -80.15
KMI30	257,350.10 248.61M	0.18% 449.64
KMIALLSHR	70,414.17 786.79M	0.66% 464.74
BKTi	49,456.61 62.72M	-0.92% -458.09
OGTi	36,926.58 22.69M	1.66% 603.66

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,935.00	66,160.00 64,825.00	-765.00 -1.16%
BRENT CRUDE	79.10	79.57 77.75	0.14 0.18%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	7.50 6.49%
ROTTERDAM COAL MONTHLY	125.50	0.00 0.00	-0.40 -0.32%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	75.37	76.06 74.09	0.10 0.13%
SUGAR #11 WORLD	14.24	14.33 14.22	-0.07 -0.49%