Century Plyboards acquires additional 2% stake in Huesoulin wood factory

India Infoline News Service | Mumbai | August 29, 2017 10:29 IST

Century Plyboards informed that the company's subsidiary Century Ply (Singapore) Pte. Ltd. has acquired a further 2% stake in Huesoulin Wood Processing Factory in Laos, thereby increasing its aggregate shareholding from 49% to 51%. 

Century Plyboards informed that the company's subsidiary Century Ply (Singapore) Pte. Ltd. has acquired a further 2% stake in Huesoulin Wood Processing Factory in Laos, thereby increasing its aggregate shareholding from 49% to 51%. 

Further, the name of Huesoulin Wood Processing Factory Co. Ltd. has also been changed to Century Huesoulin Plywood Lao Co. Ltd. As a consequence of this stake raise, Century Huesoulin Plywood Lao Co. Ltd. has become a step-down subsidiary of Century Plyboards (India) Ltd, said the company in a BSE filing on Monday post market hours.

Century Huesoulin Plywood Lao Co. Ltd. is engaged in the manufacturing and trading in plywood, veneer and all wood products and providing related services.

Century Plyboards was trading at Rs 253.35 per share, down by Rs 4.25 or 1.65% as at 1008 hours on Tuesday, on the BSE.

The stock attracted a traded volume of 39,083 shares and traded value of Rs 99.42 lakh on the NSE.

***Note: This is a NSE Chart

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