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

PSX Closing Bell: Green Glory

Supernet secures Rs1bn communications project

Dawood Equities introduces Shariah-compliant brokerage window

Name	Price/Vol	%Chg/NChg
KSE100	171,175.51 216.20M	0.58% 984.86
ALLSHR	103,183.14 695.21M	0.63% 650.16
KSE30	51,222.50 86.05M	0.65% 329.46
KMI30	245,442.74 79.49M	0.75% 1819.66
KMIALLSHR	66,977.52 438.22M	0.75% 499.57
BKTi	46,694.47 24.99M	0.10% 46.03
OGTi	35,691.66 7.41M	1.22% 429.65

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,860.00	63,910.00 63,290.00	65.00 0.10%
BRENT CRUDE	95.36	97.44 93.93	-2.45 -2.50%
RICHARDS BAY COAL MONTHLY	122.50	122.50 122.00	-1.25 -1.01%
ROTTERDAM COAL MONTHLY	134.20	136.95 133.00	-4.80 -3.45%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	92.90	92.94 92.52	-0.14 -0.15%
SUGAR #11 WORLD	14.28	14.45 14.14	0.04 0.28%