Unity Foods utilizes right subscription amount of Rs2.85bn for refinery project

News Image

MG News | December 12, 2023 at 02:48 PM GMT+05:00

0:00

December 12, 2022 (MLN): Unity Foods Limited (PSX: UNITY) has successfully utilized the right subscription amount of Rs2.85 billion, the company’s quarterly progress report issued to the bourse showed today.

Out of the total amount, Rs850 million was utilized for the acquisition of Port Qasim Refinery, while Rs2bn was utilized for additions to the Refinery.

To note, UNITY announced its Right Issue at 221.83% on February 19, 2019. The issue comprised 375 million shares at a face value of Rs10 each amounting to Rs3.75bn.

Accordingly, the remaining amount, I.e. Rs900m was planned for the establishment of an oil terminal which has not been utilized yet.

However, the company said that the contract for building the Oil Terminal has been awarded and it will be handed over within a year.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 137,409.36
70.38M
0.75%
1029.40
ALLSHR 85,163.36
135.27M
0.61%
515.01
KSE30 41,868.44
18.02M
0.78%
322.21
KMI30 193,442.27
17.96M
0.90%
1722.50
KMIALLSHR 56,140.90
88.65M
0.56%
313.17
BKTi 37,976.32
1.06M
0.39%
148.71
OGTi 27,652.13
0.99M
-0.07%
-18.54
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,745.00 119,915.00
118,035.00
-885.00
-0.74%
BRENT CRUDE 68.80 69.01
68.73
0.28
0.41%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
1.80
1.90%
ROTTERDAM COAL MONTHLY 104.50 0.00
0.00
-1.05
-0.99%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.75 66.99
66.58
0.37
0.56%
SUGAR #11 WORLD 16.55 16.67
16.40
-0.01
-0.06%

Chart of the Day


Latest News
July 17, 2025 at 10:00 AM GMT+05:00

Pakistan, Azerbaijan reaffirm commitment to stronger ties


July 17, 2025 at 09:47 AM GMT+05:00

UBL branches now open on Sundays


July 17, 2025 at 09:27 AM GMT+05:00

NBP issues foreign exchange rates


July 17, 2025 at 09:25 AM GMT+05:00

Asia markets subdued amid global uncertainty


July 17, 2025 at 09:10 AM GMT+05:00

Pakistan, El Salvador partner on bitcoin, digital asset



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg