Ittehad Chemical resolves to incur Capex of Rs650mn

MG News | December 22, 2021 at 02:32 PM GMT+05:00

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December 22, 2021 (MLN): The Board of Directors of Ittehad Chemicals in their meeting held today have resolved to incur capital expenditure of up to Rs650 million for the acquisition of land or land and building etc., for future growth and expansion of the company’s facilities, company filing on bourse showed today.

For this purpose, the board authorized the chief executive officer of the company to take all necessary actions including negotiations, participation in biddings, tender offers and execution of all requisite documents and agreements and the matters ancillary in order to effect the aforesaid acquisition.

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