Service Global raises Rs2.175 billion from IPO
It may now get bigger pie of Service Long March SAMAA | Bilal Hussain - Posted: Apr 9, 2021 | Last Updated: 5 hours ago SAMAA | Bilal Hussain Posted: Apr 9, 2021 | Last Updated: 5 hours ago
Source: gfmag.com
The Service Global Footwear Limited has managed to raise Rs2.175 billion through a two-day book-building, which saw participation from institutions and high net-worth investors.
The book-building was over-subscribed 5.8 times, with the share price closing at Rs53.2. It saw a total demand of Rs8.946 billion received against the issue size of Rs1.554 billion.
The IPO proceeds will be invested by the company in Service Long March Tyres Ltd, which will establish a tyre manufacturing unit in Pakistan through a joint-venture between Servis Group and Chaoyang Long March of China.
PTI govt committed to ensure ease-of-doing-business for investors: PM Imran Khan
By
Tuesday Dec 15, 2020
Prime Minister Imran Khan said strong industry plays an integral role in the economic stability of the country. Photo: Radio Pakistan
The premier chaired the 7th meeting of Board of Approvals for Special Economic Zones (SEZs).
The board meeting okayed the launch of an online SEZ Management Information System.
The meeting was apprised that there were 19 SEZs notified in the country.
ISLAMABAD: The government is committed to ensure ease-of-doing-business for investors, said Prime Minister Imran Khan on Monday, stressing that strong industry plays an integral role in the economic stability of the country.
by Fatima Javed
ISLAMABAD, Dec. 15 (Gwadar Pro) - Prime Minister Imran Khan on Monday said that the industrial development was vital for economic growth and government was committed to providing ease-of-doing-business to investors while chairing the 7th meeting of Board of Approvals for Special Economic Zones (SEZs).
The Prime Minister said economic activities generated by SEZs would increase job opportunities for local skilled and un-skilled labor. He directed to provide utility services, including electricity and gas to SEZs on priority.
The Board approved SEZ Zone Enterprise Admission and Sale / Lease of Plot Regulations 2020. The meeting approved the launching of online SEZ Management Information System whereby the approvals process would be digitalized and streamlined.
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