Karachi, Crescent Textile Mills Limited informed Karachi Stock Exchange about intimation of right issue subscription on January 2, 2015. MCB Bank Limited has filed a receipt of Rs. 158,386,155 against 10,559,077 at the rate Rs. 15/= including premium of Rs. 5 per share. This amount is against a total issue of Rs. 184,537,208 against 12,302,481 shares and represents 85.83% as subscribed amount till date. The Crescent Textile Mills Limited is a public limited company incorporated in Pakistan. The foundations of the company are laid under the principals of the Companies Ordinance, 1984. The company is engaged in the business of textile manufacturing comprising of Made ups, processed fabrics, Greige Fabric and Yarn. These products are made from raw cotton and synthetic fibers. The company also operates a cold storage and a power generation house. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The resistered office of the company is located in Lahore. The symbol “CRTM” is being used by the stock exchanges for the shares of the Crescent Textile Mills Limited.
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