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

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

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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.

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