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CSE’s robustness sustained as Haycarb amalgamates fully-owned subsidiary
The Island
|October 03, 2025
Haycarb PLC announced that it had merged its fully-owned subsidiary Ultracarb (Private) Limited, effective October 1.
"Haycarb PLC and Ultracarb (Private) Limited, a fully owned subsidiary of Haycarb PLC, amalgamated in terms of Section 242 (1) of the Companies Act No. 07 of 2007 and continue as Haycarb PLC, CSE sources said.
The move was made to boost the company’s finances and operations, Haycarb, a unit of the Hayleys conglomerate, said.
Amid those developments yesterday the CSE was extremely bullish, while investors tried to break the psychological barrier of 22000 Index points, but the CSE settled at the 21000 Index points level.
Both indices moved upwards. The All Share Price Index went up by 127.95 points, while the S and P SL20 rose by 18.78 points. Turnover stood at Rs 6.5 billion with 16 crossings.
Dit verhaal komt uit de October 03, 2025-editie van The Island.
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