Cement News tagged under: shares
Pakistan: Dewan denies sale of 50% stake23 May 2016, Published under Cement NewsIt has been rumoured that 50 per cent of Dewan Cement Ltd (DCL) shares are being sold to undisclosed strategic buyers. As a result the company’s share value and volume experienced heavy activity in the past weeks on the Pakistan Stock Exchange (PSE). DCL has denied any such sales to the PSE, claiming, “Many shareholders for their personal benefits circulate rumours and speculation, to which we have no control. Further we hereby confirm that we have nothing to do with the trading volume in D... |
Lafarge Pakistan to issue 143m to Pakistan Cement Holdings04 February 2014, Published under Cement NewsLafarge Pakistan Cement Ltd (LPCL) has received formal approval from the country's Securities and Exchange Commission to issue 143m shares to its holding company at par value (PKR10/share). This will increase the holding of Lafarge SA in Lafarge Pakistan from 73 to 76 per cent, according to a note to the Karachi Stock Exchange. The move, which reflects Lafarge SA's confidence in the Pakistani subsidiary, contradicts market newsflow that a potential sell-off or merger was on the cards. ... |