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HomeBusinessBESTWAY CEMENT TO INVEST IN UBL & INCREASING AUTHORIZED CAPITAL FROM 7...

BESTWAY CEMENT TO INVEST IN UBL & INCREASING AUTHORIZED CAPITAL FROM 7 BILLION TO 47 BILLION

KARACHI, 2 June 2023: Bestway Cement Limited ke Board of Directors ne apne 1 June 2023 ki meeting mein United Bank Limited ke shares mein investment karne ka faisla kiya, jo ke shareholders ki ijazat se ki jaye gi.

Pakistan Stock Exchange par is announcement ke baad UBL ke share ki kimat mein 4.75 percent ya 5.45 per share ka izafa ho gaya.

Board ne shareholders ki ijazat se Company ki authorized share capital ko 7 billion se 47 billion tak increase karnay ka bhi faisla kiya hai aur Company ke profits ke capitalization ke liye bhi shareholders ki ijazat mangi hai.

Company ki Extraordinary General Meeting (EGM) 22 June 2023 ko hogi.

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