Crescent Steel greenlights sale of Idle Hadeed Division assets

News Image

MG News | October 04, 2024 at 09:26 AM GMT+05:00

0:00

October 04, 2024 (MLN): The Board of Directors of Crescent Steel & Allied Products Limited (PSX: CSAP) has approved the disposal of plant and machinery and pre-engineered building of Crescent Hadeed (Billet) Division, which was non-operational for the past couple of years.

This is subject to the finalization of terms and conditions and the signing of the agreement.

Consequently, the operations of Crecent Hadeed (Billet) Division will be classified as “discontinued operations”.

The information above was disseminated through a notification to Exchange. 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg

Chart of the Day


Latest News
September 15, 2025 at 05:53 PM GMT+05:00

Gold price in Pakistan remain unchanged


September 15, 2025 at 05:47 PM GMT+05:00

PIBTL swings to loss in FY25


September 15, 2025 at 05:30 PM GMT+05:00

KAPCO reports significant profit decline in FY25



Top 5 things to watch in this week

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