Hoechst Pakistan to incorporate wholly-owned UAE unit

MG News | December 20, 2024 at 09:49 AM GMT+05:00

0:00

December 20, 2024 (MLN): The Board of Directors of Hoechst Pakistan Limited (PSX: HPL) has approved the incorporation of a wholly owned foreign subsidiary in the UAE, as reported by the company's filing to PSX.

This is subject to all applicable regulatory approvals.

The subsidiary will be primarily engaged in commercial trading with import, export, distribution, and warehousing as its ancillary activities.

HPL is a public limited Company incorporated in Pakistan under the repealed Companies Act, 1913 (Now the Companies Act, 2017).

The Company is engaged in the manufacturing, selling, and trading of pharmaceuticals and related products.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,154.05 197.42M	-0.03% -50.12
ALLSHR	103,201.80 545.14M	-0.12% -124.66
KSE30	52,282.80 63.98M	-0.08% -40.78
KMI30	243,872.69 53.14M	-0.35% -861.03
KMIALLSHR	66,957.85 235.47M	-0.31% -206.73
BKTi	47,496.73 30.97M	0.70% 331.28
OGTi	33,155.55 3.03M	-0.52% -174.11

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,380.00	88,980.00 87,000.00	-1010.00 -1.14%
BRENT CRUDE	62.10	62.18 61.82	0.03 0.05%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.90	0.00 0.00	0.50 0.52%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	58.00	58.06 57.76	-0.01 -0.02%
SUGAR #11 WORLD	15.05	15.06 14.96	0.06 0.40%