Power Cement explores group reorganization for financial boost

MG News | October 02, 2023 at 09:54 AM GMT+05:00

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October 02, 2023 (MLN): The Board of Directors of Power Cement Limited (PSX: PIOC), a prominent player in the cement industry, on Thursday decided to empower the company's management to explore and evaluate opportunities for a potential reorganization of group companies.

The objective is to enhance the financial and tax efficiencies across the group's entities.

The decision came in response to an invitation from the Group's leadership, urging the company to examine viable options that strengthen the balance sheets of group companies for financial and tax efficiencies and present their recommendations for consideration and approval of the board.

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