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Lucky Core Industries divests partial stake in NutriCo Morinaga to Morinaga Milk
Karachi, January 24, 2023 (PPI-OT):Lucky Core Industries Limited (formerly ICI Pakistan Limited) is pleased to announce that it has successfully concluded the sale of 21,763,125 ordinary shares (constituting approximately 26.5% of the issued and paid up capital) of NutriCo Morinaga (Private) Limited (NutriCo Morinaga) to Morinaga Milk Industry Co., Ltd. Japan (Morinaga Milk). The transaction […]
China’s empire of debt: The Belt and Road Initiative
Published by Al-Araby The People’s Republic of China advertises its political and economic systems as ‘socialism with Chinese characteristics’. Across the world, the business of borrowing and lending, and a great deal of construction, have assumed Chinese characteristics of their own. Completing the Belt and Road Initiative (BRI) has been part of the constitution of […]
PACRA Maintains Entity Ratings of Pakistan Oxygen Limited
Lahore, July 30, 2021 (PPI-OT): The ratings reflect eminent position of Pakistan Oxygen Limited in industrial, medical gases, healthcare solutions, hard goods and welding segment. The industry largely possesses oligopolistic structure, benefiting the players. Lately, the demand side in case of both industrial and medical gases have gained momentum when the industrial segments gradually resumed […]