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Lahore, In a recent transaction involving Crescent Fibers Limited, Mrs. Perwin Babar Ali, spouse of Syed Babar Ali, a Director at the company, executed a purchase of 35,855 shares at a rate of 526.54 each, according to the information provided by the Pakistan Stock Exchange (PSX). The transaction took place on June 26, 2024, under the CDC ready market.
According to information available from the Pakistan Stock Exchange (PSX), the details of the transaction will be presented in the next board meeting. The meeting will address any non-compliance issues related to clause No. 5.6.1.(d) of PSX Regulations.
Crescent Fibers Limited also confirmed that the holding period for these transactions exceeds six months. If it is found that the holding period is within six months, a cheque equivalent to the profit will be deposited with the Securities and Exchange Commission of Pakistan (SECP) as mandated by Section 105 of the Securities Act, 2015, with intimation to the PSX.