SBS expands investment portfolio !-- --
The publicly listed company is acquiring additional shares of its affiliate
The additional subscription and acquisition of additional shares, it said, are in line with the diversification plan of
To maintain its shareholding interest of 25 percent, SBS said it would have to subscribe to such increase. Goldchester, on the other hand, is an affiliate of the company through the direct investment of
, a subsidiary of the company. SBS said the dilution of its interest in
Thus, the company said it would subscribe to up to 7.75 percent holdings in Goldchester through share subscription, which together with its indirect 9.
15 percent shareholdings via
The firm sells chemicals that are used in manufacturing processes and as components of or ingredients in other products. In 2017, it formed a subsidiary,
, which served as the acquisition vehicle for the investment in warehouse facility complex.
© Pakistan Press International, source