Cement News tagged under: Mustehkam Cement
Pakistan: Lahore Stock Exchange delists Mustehkam Cement after Bestway merger27 December 2013, Published under Cement NewsLahore Stock Exchange has delisted Mustehkam Cement as the company merges with Bestway Cement on 26 December. The move finalises a process that saw Mustehkam Cement shareholders approve the merger last May with the Islamabad High Court following suit on 30 September 2013. |
Bestway and Mustehkam Cement complete merger27 November 2013, Published under Cement NewsPakistan cement producers Bestway Cement and Mustehkam Cement have announced the completion of their merger into a single company. Mustehkam Cement has been a subsidiary of Bestway Cement since in 2005 and the main of objective of this new merger is to operate the businesses under one management to achieve economies of scale. The merger would result in administrative and procurement savings and reduce marketing costs leading to enhanced profitability, the companies said when the move was f... |
Mustehkam Cement and Bestway Cement to merge, Pakistan24 April 2013, Published under Cement NewsTwo Pakistan-based cement producers, Mustehkam Cement and Bestway Cement, have informed the Karachi Stock Exchange (KSE) of their intention to merge and operate as a single company. The board of directors of both companies are scheduled to meet on 6 May to approve the amalgamation. Mustehkam Cement has been a subsidiary of Bestway Cement (and part of the Bestway Group) since in 1995. Therefore, the main objective of the merger is to operate the businesses under one management to achieve e... |
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