'HUBCO Plans Acquisition of 9.5% Stake in SECMC'.

The Hub Power Company Limited (HUBCO) has announced its plans to acquire a 9.5 percent stake in the Sindh Engro Coal Mining Company Limited (SECMC). SECMC is responsible for operating the Thar coal mine, which is located in the southern province of Sindh and holds one of the world's largest coal reserves. The acquisition is subject to regulatory and corporate approvals, and HUBCO has committed to keeping the Pakistan Stock Exchange informed of any important updates regarding the transaction. [Extracted from the article]