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Article: PC- Lyallpur Chemicals sold at Rs 280.20 million.
- Article from:
- PPI - Pakistan Press International
- Article date:
- February 10, 2007
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ISLAMABAD, February 09 (PPI): On the receipt of full payment Rs 280.20 million from Al-Hamd Chemicals (Pvt) Ltd Lahore, the successful buyer for the purchase of minimum of 100 percent shares at the rate of Rs 280.20 per share of Lyallpur Chemicals and Fertilizers Limited (LCFL) a share purchase agreement was signed under the chairmanship of Zahid Hamid Federal Minister for Privatisation and Investment here Friday.
According to a press release, the buyer had already deposited earnest money of Rs. 40,000,000 and 25 percent of the bid amount i.e. Rs.70,050,000/ and on payment of remaining amount of Rs.170,150,000/ the SPA was signed today and the unit handed over to ...