NICL board greenlights acquisition of manufacturing facility

By MG News | February 23, 2024 at 03:08 PM GMT+05:00

0:00

February 23, 2024 (MLN): The board of directors of Nimir Industrial Chemicals Limited (PSX: NICL) on Friday approved the acquisition of a manufacturing facility consisting of the property, plant and equipment, the company's filing on PSX revealed.

This is subject to the conclusion of a binding Asset Sale Agreement and associated regulatory approvals.

The facility is located in the south region of Pakistan and this acquisition will result in savings on account transportation costs besides strengthening the company's business in the region and helping to boost exports through the seaport.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	131,949.07 198.95M	0.97% 1262.41
ALLSHR	82,069.26 730.83M	0.94% 764.01
KSE30	40,387.76 80.88M	1.11% 442.31
KMI30	191,376.82 77.76M	0.36% 678.77
KMIALLSHR	55,193.97 350.11M	0.22% 119.82
BKTi	35,828.25 28.42M	3.64% 1259.85
OGTi	28,446.34 6.84M	-1.02% -293.01

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,020.00	110,525.00 107,865.00	-395.00 -0.36%
BRENT CRUDE	67.60	67.96 67.22	-0.70 -1.02%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	106.00	106.00 105.85	-2.20 -2.03%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.80	67.18 65.40	-1.20 -1.79%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%