Thal Industries to acquire 55% share capital worth $35 million in ICSM

MG News | July 08, 2019 at 10:16 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 8, 2019 (MLN): The Board of Directors of Thal Industries Corporation Limited has resolved to enter along with Almoiz Industries Limited and Naubahar Bottling Company (Private) Limited into Scheme Implementation and Subscription Deed Poll in connection with investment/acquisition of ordinary shares up to 55% in ISIS Central Sugar Mill Company Limited (ICSM).

With regards to aforementioned resolution, the overall worth of this investment amounts to Australian Dollars 35 million.

Located in the Bundaberg Region of Queensland, Australia, ICSM’s installed crushing capacity is around 10,000 tons per day of sugar cane.

It is worthwhile to mention that both Almoiz Industries and Naubahar Bottling Company are associated companies of Thal Industries Corporation.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,834.23 115.64M	0.41% 682.59
ALLSHR	100,626.75 333.08M	0.47% 466.11
KSE30	49,009.97 30.74M	0.35% 170.45
KMI30	238,766.70 72.78M	0.36% 856.13
KMIALLSHR	65,291.10 191.92M	0.45% 290.98
BKTi	45,779.37 7.35M	0.41% 185.42
OGTi	33,690.69 2.64M	1.14% 379.72

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,440.00	83,755.00 82,605.00	870.00 1.05%
BRENT CRUDE	110.38	110.75 109.27	1.59 1.46%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	-2.90 -2.21%
ROTTERDAM COAL MONTHLY	147.10	147.10 147.10	0.00 0.00%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	99.44	99.57 97.91	1.62 1.66%
SUGAR #11 WORLD	20.69	20.73 20.40	0.17 0.83%