Crescent Fibres Board clears sale of obsolete Spinning Unit-1 assets
Crescent Fibres Limited (PSX:CFL) has approved the sale of portions of the plant, machinery, equipment, stores and ancillaries of its Spinning Unit-1 at Nooriabad, S.I.T.E., District Jamshoro, for up to Rs241.5mn.
September 28, 2026 (MLN): Crescent Fibres Limited (PSX:CFL) has approved the sale of portions of the plant, machinery, equipment, stores and ancillaries of its Spinning Unit-1 at Nooriabad, S.I.T.E., District Jamshoro, for up to Rs241.5mn. The company's Board of Directors cleared the highest bids received from various parties at a meeting held on September 28, 2026. The sale was approved in view of the old and obsol...