Thal Industries to acquire freehold land worth over Rs2bn from CEO

By MG News | Category Equity | September 30, 2024 at 04:01 PM GMT+05:00

0:00

September 30, 2024 (MLN): The shareholders of Thal Industries Corporation Limited (PSX: TICL) have granted their approval to acquire freehold land from Muhammad Shamim Khan, at a price of Rs2.004 billion, as determined by an approved independent valuer.

The land measures 112 Kanals and 11 Marlas and is adjacent to Unit No1 of the company, Layyah Sugar Mills, Mandi Town, Layyah.

It is noteworthy that Muhammad Shamim is the Chief Executive Officer of the company and is considered a related party.

TICL's members have also authorized the company’s directors to take all necessary steps, actions, and incidental measures, including the execution of any required documents and agreements, to implement the resolution.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	121,641.00 407.56M	-0.13% -157.87
ALLSHR	75,951.71 854.04M	-0.10% -76.82
KSE30	36,827.89 67.82M	-0.42% -156.03
KMI30	181,199.42 117.76M	-0.38% -696.40
KMIALLSHR	52,088.08 592.55M	-0.27% -143.41
BKTi	29,808.04 22.21M	-0.83% -249.97
OGTi	27,075.99 4.68M	-0.75% -203.95

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	105,060.00	105,945.00 101,390.00	2845.00 2.78%
BRENT CRUDE	66.65	66.67 64.80	1.31 2.00%
RICHARDS BAY COAL MONTHLY	90.00	90.75 90.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	101.80	102.40 101.00	1.25 1.24%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.77	64.80 62.82	1.40 2.21%
SUGAR #11 WORLD	16.51	16.59 16.32	-0.06 -0.36%