Tariq Corporation cancels plan to sell assets

MG News | October 02, 2023 at 12:12 PM GMT+05:00

0:00

October 02, 2023 (MLN): The Board of directors of Tariq Corporation Limited (PSX: TCORP) has decided not to pursue the proposed sale of its assets located at Lahore Road, Tehsil Jaranwala, District Faisalabad, comprising land, buildings constructed thereon, plant and machinery, furniture and fixtures, equipment, and other ancillary assets.

As per the latest notice issued by the company to the PSX, the decision was taken through a resolution dated September 27, 2023, passed by circulation.

Therefore, the Board will not proceed to sell the aforementioned assets and or to act upon any alternate plan for the disposal of assets.

"In this regard, it has also been resolved that cancellation of permission from the members already obtained for disposal of the assets shall be sought from them in the ensuing General meeting of the company." the notice reads.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%