Sana Industries to divest investment property, warehousing assets

MG News | December 16, 2024 at 10:38 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 16, 2024 (MLN): The Board of Directors (BoD) of Sana Industries Limited (PSX: SNAI) has approved the sale of its investment property, including land, buildings, and equipment such as plant and machinery, along with any additional machines or parts supporting them.

The company will also sell the plant and machinery, auxiliary machinery, parts, furniture, and fixtures of its subsidiary, Sana Logistics (Private) Limited, associated with the warehousing business.

Mr. Mohammed Irfan Nawab, the Chief Executive Officer, and Mr. Ibrahim Younus, the Chairman, have been individually authorized to implement the resolution.

They are empowered to sign and deliver any necessary documents, take the required steps, and perform actions on behalf of the company to fulfil the resolution and achieve its objectives.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,916.22 424.80M	-0.93% -1590.09
ALLSHR	101,593.67 1,014.96M	-0.98% -1004.32
KSE30	50,530.75 88.22M	-0.96% -490.27
KMI30	242,598.23 241.53M	-0.87% -2138.05
KMIALLSHR	66,124.88 539.33M	-0.97% -645.97
BKTi	46,429.00 30.87M	-0.95% -445.09
OGTi	35,481.82 11.72M	-0.39% -139.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,960.00	82,215.00 80,625.00	-1225.00 -1.49%
BRENT CRUDE	107.66	108.22 104.23	3.45 3.31%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-5.00 -4.35%
ROTTERDAM COAL MONTHLY	110.00	110.05 110.00	0.15 0.14%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	101.46	102.05 98.00	3.39 3.46%
SUGAR #11 WORLD	14.89	15.22 14.89	-0.02 -0.13%