Categories: Material Information

ANL update on land and equipment sale

In a notification sent to PSX on 01/04/2024, Azgard Nine Limited (ANL) has announced the it sold the land and equipment belonging to Muzaffargarh unit.

This is the continuation of the communication made in respect to the creditors, the arrangement to sell the Muzaffargarh unit including land and equipment is effective from 31/03/2024. Although the sale transaction completion date is extended to June 30, 2024.

The shares of ANL were last trading at Rs. 7.21 today.

Aamir Hayat

Recent Posts

LCC Korea to sell 75.01% stake in Lotte Chemical Pakistan

On 20-02-2025, Lotte Chemical Pakistan Limited (LOTCHEM) disclosed the following material information.

1 day ago

Netsol stock on a temporary hiatus, but a fresh rally awaits

On the monthly time frame, Netsol has a history of boom and bust cycles

1 day ago

OGDC: The People’s Choice for All-Time Stock

OIL & GAS EXPLORATION COMPANIES (OGDC) have made good corrections but it is still in…

2 days ago

LCC Korea to divest 75.01% stake in Lotte Chemical Pakistan

The Board of Directors of Lotte Chemical Corporation, South Korea (LCC Korea), the majority (75.01%)…

2 days ago

GGGL suspends furnace operations for maintenance until May 15, 2025

After the completion of the expected life of the furnace, Ghani Global Glass Limited (GGGL)…

2 days ago

Pakistan State Oil (PSO) from Grounded to Greatness

Pakistan State Oil (PSO) is trying to sustain above 300 level.

2 days ago