MoneyWorks4Me

Uflex’s arm to sell entire shareholding in QCELL

05 Nov 2013 Evaluate

Uflex’s wholly owned subsidiary UTech Developers has decided to sell its entire shareholding in QCELL. QCELL is 40.11% owned Special Purpose Vehicle (SPV) of UTech Developers involved in carrying out the GSM Telecommunication and other value added business including internet service in The Gambia.

Uflex is engaged in production of Polyester chips, BOPET and BOPP films, Printing and Coating Inks, facilities for Holography, Metalization and PVDC coating, making Gravure Printing Cylinders, Gravure Printing, Lamination and Pouch formation.

Peers
Company Name CMP
Uflex 644.20
EPL 236.80
AGI Greenpac 790.75
Huhtamaki India 230.90
TCPL Packaging 4030.00
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