Saif Power’s shareholders approve sale of subsidiary’s Freehold land and other assets

MG News | June 28, 2021 at 12:55 PM GMT+05:00

0:00

June 28, 2021 (MLN): The shareholders of Saif Power Limited (SPWL), in an Extraordinary General Meeting (EGM), held on June 26, 2021, have approved the sale of assets of Saif Cement Limited in terms of Section 183 of the Companies Act, 2017, for disposal of its freehold Land located at Tehsil Paharpur, Dera Ismail Khan, KP Province along with other assets.

To note, Said Cement Limited (SCL) is an unlisted subsidiary company of SPWL.

As per the notice, the company resolved that the Board be and is hereby empowered to agree upon modification in above resolution that may be directed / required by the SECP without the need of any other further approval of the shareholders.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	188,226.97 294.90M	-0.19% -360.70
ALLSHR	112,378.88 654.56M	-0.11% -124.31
KSE30	57,944.92 120.34M	-0.14% -81.98
KMI30	267,155.86 117.71M	-0.47% -1262.96
KMIALLSHR	72,289.49 342.48M	-0.30% -220.49
BKTi	53,499.76 45.04M	0.29% 153.63
OGTi	38,656.54 11.32M	0.05% 18.06

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,950.00	88,985.00 87,850.00	365.00 0.42%
BRENT CRUDE	65.43	65.76 65.00	-0.16 -0.24%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-2.50 -2.80%
ROTTERDAM COAL MONTHLY	99.00	0.00 0.00	0.30 0.30%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	60.56	60.87 60.14	-0.07 -0.12%
SUGAR #11 WORLD	14.76	14.83 14.74	-0.03 -0.20%