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Flying Cement 91 percent Right issue allotted to general public remained unsubscribed: PSX

admin-augaf by admin-augaf
March 30, 2022
in Business, Finance
Reading Time: 1 min read
0
Trading in Flying Cement Rights to start from 24th February: PSX
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Karachi March 30 2022: General public subscribe only 10.3 million right issue out of 109.3 million share left after subscription of 190.7 million shares form total Issue size of 300 million shares as per company filling to the exchange.

Out of total issue size of 300 million shares, 200.995 million shares has been subscribed till 25th March 2022. Subscribed issue includes 190.683 million shares of the identified sponsors / directors of the Company. The total subscribed amount that the bank to the issue has received is PKR 2.009 billion against 220.995 million shares.

On January 18, 2022, company has announced 75.9878 percent Rights at par value of PKR 10 per share.

Tags: CementFLYNGPSX
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