Pak-Arab Refinery Limited (PARCO) has sought permission from Pakistan Refinery Limited (PRL)E to carry out technical, financial and legal due diligence to evaluate upgradation opportunities at PRL. A filing by PRL at the stock exchange yesterday stated that the reason cited by PARCO was: “Possible future investment in PRL”.
Dawood Hercules Corporation: In another notice to the investors under the material information clause of the listing Regulations, Dawood Hercules Corporation Limited stated: “The gas supply to the fertiliser plant of our 100 per cent owned subsidiary, DH Fertiliser Limited, has been restored by Sui Northern Gas Pipeline Limited effective from Nov 8, 2014.”
S: The Company disclosed that the aggregate shareholding of THS Kingsway Fund, a Luxembourg domiciled Specialised Investment Fund, in HUM Network Limited increased to 21.28pc of the company’s total issued voting shares, by virtue of its acquisition of 14.6 million shares of HUM Network Limited on November 6, 2014.
