JDWS defers assets sale of subsidiary company

MG News | September 23, 2021 at 02:38 PM GMT+05:00

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September 23, 2021 (MLN): After deliberation/consideration, the board of JDW Sugar Mills Limited (JDWS), in its meeting today, has decided to defer the matter regarding Assets Sale of Faruki Pulp Mills Limited for next two to three months.

Faruki Pulp Mills Limited (FPML) is a subsidiary company of JDWS, with the principle objective to manufacture and sale of paper pulp. The holding company, JDWS, holds 57.67% shares of the subsidiary company.

The aforesaid information was disseminated by the company through a notice to Exchange.

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