Karachi January 15 2022: Ghani Global Glass Limited (GGGL) has submitted quarterly progress report about utilization of proceeds of right subscription amount for the quarter ended December 31, 2021.
As per the details, company has invested PKR 581 million out of total PKR 800 million allocated for expansion in new furnace and production line while an amount of PKR 219 million still remained under utilized.
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Company has fully utilized its funds allocation of PKR 600 million for debt repayment.
Cumulatively, company has utilized funds of PKR 1,181 million (84.3 percent) out of total right proceeds of PKR 1,400 million while funds amounting to PKR 219 million are still remain unutilized.
