Cherat Packaging Limited (PSX: CPPL) has successfully completed the sale of its Papersack production line (Line III), receiving proceeds of Euro 440,000 from the buyer.
With reference to our disclosure dated October 28, 2024, we are pleased to announce that Cherat Packaging Limited has successfully completed the sale of its Papersack production line (Line III), receiving proceeds of Euro 440,000 from the buyer, the company said in a notice to the Pakistan Stock Exchange (PSX) on Thursday.
CPPL’s main business activities are manufacturing, marketing and sale of paper sacks, polypropylene bags and flexible packaging material.
On Thursday, the company’s share price rose by 6.52 or 5.81 percent compared to the previous day to close at Rs. 118.79.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
Advocates High Court & Tax Counsel
Jurisdiction: Pakistan