PC House into KPO operations
Rs 300 million venture:
PC House PLC (PCH) will commence its Knowledge Process Outsourcing (KPO)
operation through its fully owned subsidiary, Procifinity Limited, in
February with a total investment of around Rs 300 million.
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S H M Rishan |
PCH Chairman S H M Rishan said PCH is expected to create around 1000
job opportunities through the KPO operations within the next two years.
The company has recorded good performance so far this year and it is
expected to exceed its financial targets for the year that will end in
March 2011.
PCH is to implement its all future plans successfully as acknowledged
in keeping with its Initial Public Offering (IPO) in August 2010.
Commenting on the price band imposed on the Securities and Exchange
Commission (SEC) recently on PCH, Rishan said the company managed to
meet relevant authorities in the SEC to find out the reasons for such
imposition.
However, a PCH press release said the company has been informed that
such bands come into effect automatically on any counter which surpasses
a prearranged level of price movement and volume traded based on each
listed company's free float over a period of five days on a daily
roll-over basis.
The natural consequence of this should be that all present and
prospective shareholders of PCH could look forward to extremely
attractive returns from the continuous appreciation in the value of the
company's shares and future dividends," PCH said. IH |
