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.

📢 Announcement: We're on WhatsApp – Join Us There! 

Here's what you get:

• Member-Only Discussion Community
• Research Reports with Explanations & Expert Views
• Access to Exclusive KSEStocks Market Reports
• Model Portfolio with Clear Investment Rationale
• Monthly Portfolio Review & Health Check
• On-Demand Stock Coverage Requests
• PSX Facilitation (CDC Account, Share Transfer, Physical Conversion)

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

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →