HUBCO to acquire another 9.5% stake in SECMC

In a notification sent to the PSX on 16/02/2024, The Hub Power Company Limited announced that it was acquiring another 9.5% stake in Sindh Engro Coal Mining Company (SECMC).

HUBCO has formally entered into an agreement to buy shares of SECMC which equal to approximately 9.5% of Sindh Engro Coal Mining Company (SECMC)’s issued and paid up ordinary share capital.

This share was currently held by Habib Bank Limited.

HUBC shares were last trading at Rs. 113.09 at market close today.