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

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	134,299.77 288.16M	0.39% 517.42
ALLSHR	84,018.16 759.22M	0.48% 402.35
KSE30	40,814.29 131.51M	0.33% 132.52
KMI30	192,589.16 115.15M	0.49% 948.28
KMIALLSHR	56,072.25 385.30M	0.32% 180.74
BKTi	36,971.75 19.39M	-0.05% -16.94
OGTi	28,240.28 6.15M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,465.00	119,450.00 115,635.00	4595.00 4.04%
BRENT CRUDE	69.06	69.21 68.55	0.42 0.61%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.60	0.00 0.00	0.25 0.23%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.05	67.20 66.50	0.48 0.72%
SUGAR #11 WORLD	16.41	16.43 16.20	0.15 0.92%