Avanceon FZE, a subsidiary of Avanceon Limited, has secured a multimillion-dollar long term purchase contract from a major oil company in the middle east. As per the contract, Avanceon shall supply Hydraulic & PLC control panels on a call off basis as and when requested by the client. This contract execution gives a pathway for […]
The Board of Directors of the Company in its meeting held on November 20, 2020 has approved an investment plan of about Rs. 6.3 billion to setup the latest and the most energy efficient Air Separation Unit (the “Plant”) in its class. The new state-of-the-art Plant will be sourced from Linde GmbH, Linde Engineering Pullach […]
In a latest notification issued to PSX, Avanceon Limited (PSX:AVN) announced that it has incorporated a new wholly owned subsidiary in the State of Qatar with the name Avanceon QFZ LLC. The Qatari Government has established Free Zones in Qatar Doha whereby allowing to incorporate Companies with full foreign ownership without having the need of […]
In a notification to the PSX, Samba Bank Limited (PSX:SBL) has infored that its Board of Directors have approved the issuance of Additional Tier 2 Capital Term Finance Certificates of up to PKR 5,000 million. The bank approved issuance of the TFC as an instrument of redeemable capital under Section 66(1) of the Companies Act, […]
In a latest notification to PSX, TPL Properties Limited (TPLP) announced that its wholly-owned subsidiary, has entered into an ‘Agreement to Sell’ dated 10th November 2020, for the purchase of Plot situated at Korangi Industrial Area, Karachi, to develop a Technology Park. The Company plans to use this property to develop a Technology Park. The […]
In a latest notification to the Pakistan Stock Exchange, Ghani Glass Limited (PSX:GHGL) announced that the operations of the pharma container glass furnace at the Karachi plant have been restarted. Please follow and like us:
In a latest notification to PSX, Matco Foods Limited (PSX:MFL) granted approval to further invest up to Rs. 50Mn in Barentz Pakistan (Private) Limited, an associated company in order to meet its working capital requirements and operational expenses at the rate of KIBOR + 2%. Please follow and like us:
Investors Hub is a brand of Ascamo Analytics (Pvt) Limited. It provides financial analytics and digital solutions to the entities of the capital markets. By the Grace of Allah Almighty, the Securities Exchange and Commission of Pakistan (SECP) has enlisted the Investors Hub, a brand of Ascamo Analytics (Private) Limited in the list of Notified […]