Karachi December 21 2022: Descon Oxygen Limited informed that the Board of Directors of the Company has decided that the Company to expand its operations in UAE for marketing and selling of its Products.
Stock gain 43 paisa or 2.1 percent after the announcement to close the day at PKR 21.23 on Pakistan Stock Exchange.
This will be subject to approval from the State Bank of Pakistan. We will keep the Stock Exchange posted.
About the Company
The Company was incorporated in Pakistan as a private limited Company on November 12, 2004 under the Companies Ordinance, 1984 (now the Companies Act, 2017) and was converted into a public limited company with effect from February 28, 2008 as approved by the Securities and Exchange Commission of Pakistan (SECP). The Company is principally engaged in manufacture, procurement and sale of hydrogen peroxide and allied products. The Company commenced its trial production on December 1, 2008 and commercial production on March 1, 2009.
