Director of Kohinoor Spinning Mills Limited Sells 1.3 Million Shares in Recent Transaction

Karachi, Kohinoor Spinning Mills Limited announced that its Non-Executive Director, Khawaja Mohammad Kaleem, has executed a significant transaction involving the sale of company shares. The details of the transaction are as follows:

On June 9, 2023, Khawaja Mohammad Kaleem sold 1,300,000 shares of Kohinoor Spinning Mills Limited. The nature of the transaction was a sell, and the shares were sold at a rate of 2.18 per share. The form of share certificates involved in the transaction was CDC (Central Depository Company), and the shares were in the ready market.

This disclosure provides insights into the activities of key individuals associated with Kohinoor Spinning Mills Limited. The sale of such a substantial number of shares by a Non-Executive Director raises questions about the motivations and implications behind the transaction. Investors and stakeholders will likely be closely monitoring the company’s future developments in light of this disclosure.