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.

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This share was currently held by Habib Bank Limited.

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 →