DG Khan victim of fake news social media story

DG Khan Cement Co Ltd asks for an investigation into fake news item that alleged it was selling company shares in a cement plant to Anhui Conch.

The Pakistan cement producer informed Pakistan Stock Exchange (PSX) that a letter titled "material information" stating permission of due diligence to Anhui Conch Cement Co Ltd, China for acquiring 40 per cent shares of DG Khan Cement Co Ltd was a fabricated document circulated on social media/WhatsApp. 

DG Khan Cement has neither issued any such letter nor has received any such interest from Anhui Conch or any Chinese investor. The company has requested Pakistan Stock Exchange and Securities and Exchange Commission of Pakistan to carry out necessary investigation of the cyber crime.

The company said, "We reserve the right of legal action against the culprits for his/their malafied intentions and damaging reputation of the company."