Gul Ahmed Textile Mills to acquire 50% share capital of Worldwide Developers

MG News | August 07, 2019 at 12:34 PM GMT+05:00

0:00

August 7, 2019 (MLN): The Board of Directors of Gul Ahmed Textile Mills Limited has convened an Extraordinary General Meeting to consider and pass the resolution regarding investment in Worldwide Developers (Private) Limited, which is also a related party of the company.

With an investment of Rs. 2.2 billion, the company intends to acquire both 50% of the issued and paid up share capital of Worldwide Developers.

Copyright Mettis Link News

Related News

Pak-Qatar Family Takaful set to raise Rs1.1bn through IPO on 11th December

BlueEx becomes first GEM firm to join PSX ready board

FFC wins best MAP corporate excellence award in fertilizer sector

Name	Price/Vol	%Chg/NChg
KSE100	166,650.70 143.10M	0.22% 367.15
ALLSHR	101,031.52 476.80M	0.29% 288.46
KSE30	50,579.41 83.77M	0.19% 97.56
KMI30	238,543.10 96.12M	0.19% 451.05
KMIALLSHR	65,805.78 246.66M	0.29% 188.31
BKTi	45,243.89 19.64M	0.36% 162.41
OGTi	33,231.64 9.98M	0.46% 150.97

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	91,605.00	92,995.00 91,590.00	-1235.00 -1.33%
BRENT CRUDE	63.35	63.38 63.06	0.09 0.14%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	0.10 0.11%
ROTTERDAM COAL MONTHLY	97.00	0.00 0.00	-0.20 -0.21%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	59.71	59.74 59.42	0.04 0.07%
SUGAR #11 WORLD	14.98	14.98 14.82	0.10 0.67%