Form 10-K/A GlobalTech Corp For: Dec 31 streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Pakistan's Sehat Kahani Makes it to Forbes' Top 100 Companies to Watch propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.
FIA Jails CEO Elahi Group of Companies and Former Private Bank Officers for 'Embezzlement' newsmakers.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmakers.pk Daily Mail and Mail on Sunday newspapers.
LAHORE: The recent acquisition of the three bankrupt publicly listed textile companies by private investors with the confirmed intention of merging their unlisted businesses into them underlines the consolidation of the trend of ‘reverse mergers’ in the country’s stock market. The recent bourse filings by the companies show that majority stake in Ravi Textiles has been acquired jointly by the owners of Chaudhry Steel Re-Rolling Mill and BECO Steel Re-Rolling Mill for Rs30 million at a share price of Rs1.905 along with its management control. The acquisition will allow the new owners to merge their steel business and rename it as Beco Steel, swapping over Rs3 billion worth of their assets into Ravi Textiles through the merger. They will also issue 101m shares at Rs30 per share to raise new capital.
Top Story April 21, 2021 ISLAMABAD: Almost Rs459 billion allegedly accumulated through satta sugar trade have been diverted to the other industries owned by politically-connected industrialists, preliminary findings of the Federal Investigation Agency (FIA) reveal. Investigation teams have collectively detected Rs671.4 billion in 397 accounts of sugar satta forensic audit of which is being conducted by the Lahore FIA. Billions coming from sugar satta accounts are going into cooking oil, rice and pulses manufacturing industries either owned by the same industrialists or their front companies, reveals an official document exclusively made available to Geo News. The credit turnover of these 397 accounts believed to be owned by either sugar mills owners, their front-men, employees and or sugar satta agents remained Rs.671.4 billion in the past two year, says an official document exposing the beneficiaries of this satta amounts carrying details of all accounts maintained at multiple private or government-run banks.
Top Story April 21, 2021 ISLAMABAD: Almost Rs459 billion allegedly accumulated through satta sugar trade have been diverted to the other industries owned by politically-connected industrialists, preliminary findings of the Federal Investigation Agency (FIA) reveal. Investigation teams have collectively detected Rs671.4 billion in 397 accounts of sugar satta forensic audit of which is being conducted by the Lahore FIA. Billions coming from sugar satta accounts are going into cooking oil, rice and pulses manufacturing industries either owned by the same industrialists or their front companies, reveals an official document exclusively made available to Geo News. The credit turnover of these 397 accounts believed to be owned by either sugar mills owners, their front-men, employees and or sugar satta agents remained Rs.671.4 billion in the past two year, says an official document exposing the beneficiaries of this satta amounts carrying details of all accounts maintained at multiple private or government-run banks.
Top Story April 21, 2021 ISLAMABAD: Almost Rs459 billion allegedly accumulated through satta sugar trade have been diverted to the other industries owned by politically-connected industrialists, preliminary findings of the Federal Investigation Agency (FIA) reveal. Investigation teams have collectively detected Rs671.4 billion in 397 accounts of sugar satta forensic audit of which is being conducted by the Lahore FIA. Billions coming from sugar satta accounts are going into cooking oil, rice and pulses manufacturing industries either owned by the same industrialists or their front companies, reveals an official document exclusively made available to Geo News. The credit turnover of these 397 accounts believed to be owned by either sugar mills owners, their front-men, employees and or sugar satta agents remained Rs.671.4 billion in the past two year, says an official document exposing the beneficiaries of this satta amounts carrying details of all accounts maintained at multiple private or government-run banks.