FCCL Board considers amalgamation of Askari Cement with and into FCCL

MG News | October 28, 2021 at 01:37 PM GMT+05:00

0:00

October 28, 2021 (MLN): The Board of Directors of Fauji Cement Company Limited (FCCL), in its meeting held on 28th October 2021, has considered the amalgamation of Askari Cement Limited with and into FCCL through a scheme of arrangement.

The Board has requested the preparation and finalization of the relevant documentation, including but not limited to the scheme of arrangement and share swap ratio report, which will in due course be presented to the Board of Directors of FCCL and Askari Cement Limited for their approval.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,994.17 366.14M	-1.71% -2829.70
ALLSHR	97,525.91 833.18M	-1.65% -1634.99
KSE30	49,090.22 171.05M	-2.02% -1011.73
KMI30	234,097.76 141.71M	-1.92% -4583.61
KMIALLSHR	63,284.58 381.76M	-1.79% -1151.00
BKTi	45,458.10 90.77M	-1.53% -707.82
OGTi	33,162.89 14.24M	-2.82% -962.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,020.00	79,420.00 76,515.00	2280.00 2.97%
BRENT CRUDE	107.56	112.45 106.23	-2.84 -2.57%
RICHARDS BAY COAL MONTHLY	113.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	109.25	0.00 0.00	-0.20 -0.18%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	100.93	106.65 99.30	-4.14 -3.94%
SUGAR #11 WORLD	14.93	15.00 14.42	0.32 2.19%