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Pakistan’s Crescent Fibres approves $4.5mn sale of Nooriabad property to Alkaram Spinning Mills

Crescent Fibres Limited has approved the sale of its approximately 14-acre leasehold property in Nooriabad, Sindh, to Alkaram Spinning Mills (Private) Limited for Rs1.25 billion, approximately $4.51 million. Crescent Fibres disclosed the development in a notice to the Pakistan Stock Exchange on Thursday. “The Board of Directors of Crescent Fibres Limited has approved and accepted the highest bid…

First reported by Business Recorder 1 source
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  1. Business Recorder

    Pakistan’s Crescent Fibres approves $4.5mn sale of Nooriabad property to Alkaram Spinning Mills (opens Business Recorder in a new tab)

    Crescent Fibres Limited has approved the sale of its approximately 14-acre leasehold property in Nooriabad, Sindh, to Alkaram Spinning Mills (Private) Limited for Rs1.25 billion, approximately $4.51 million. Crescent Fibres disclosed the development in a…

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