Crescent Steel greenlights sale of Idle Hadeed Division assets

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

Add Mettisglobal as a Trusted Source on Google

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

Weekly Market Roundup

Bank Makramah swings to Rs6bn loss in 9MCY26

PSX Closing Bell: Bears Flip the Script

Name	Price/Vol	%Chg/NChg
KSE100	166,563.45 37.12M	0.09% 154.19
ALLSHR	100,613.32 53.12M	-0.09% -94.45
KSE30	48,967.44 5.26M	-0.12% -59.21
KMI30	237,863.93 8.70M	-0.05% -107.81
KMIALLSHR	64,937.71 45.00M	-0.13% -86.27
BKTi	45,705.81 1.40M	-0.52% -238.43
OGTi	33,638.47 0.16M	-0.03% -10.11

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,825.00	79,040.00 76,820.00	1855.00 2.41%
BRENT CRUDE	109.68	112.41 109.64	-3.75 -3.31%
RICHARDS BAY COAL MONTHLY	134.00	0.00 0.00	0.75 0.56%
ROTTERDAM COAL MONTHLY	148.05	0.00 0.00	0.30 0.20%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	100.59	102.75 100.59	-3.53 -3.39%
SUGAR #11 WORLD	19.37	0.00 0.00	0.01 0.05%