Cherat Packaging sells papersack production line for €440,000

MG News | November 28, 2024 at 01:32 PM GMT+05:00

0:00

November 28, 2024 (MLN): Cherat Packaging Limited (PSX: CPPL) has successfully completed the sale of its Papersack production line (Line III), receiving proceeds of €440,000 from the buyer.

The company informed market participants today through a notice issued to the Pakistan Stock Exchange (PSX).

At the time of writing, the company's shares are being traded at Rs118, up by Rs5.73 or 5.1% compared to yesterday's closing, reflecting this positive development.

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