CNERGY to explore Cnergyico Isomerate’s merger feasibility

MG News | April 28, 2022 at 02:25 PM GMT+05:00

0:00

April 28, 2022 (MLN): The Board of Directors of Cnergyico Pk Limited ( CNERGY) has authorized the company to explore the feasibility of a potential merger of its wholly-owned subsidiary i.e., Cnergyico Isomerate Pk (Private) Limited with and into the company, along with a potential capital reorganization of the company, the company’s filing on PSX showed today.

Upon finalization of the same, the management will present it to the board of directors for their consideration.

Furthermore, the company has also been authorized to, inter alia, engage legal, financial, and such other advisors and consultants as may be required for the purposes of the above, including for preparing necessary documents/drafts for the consideration of the board and ancillary matters.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,930.00	118,295.00 116,115.00	2105.00 1.82%
BRENT CRUDE	67.49	68.42 67.19	-0.46 -0.68%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.00	94.50 94.00	0.45 0.48%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.30	64.20 63.03	-0.40 -0.63%
SUGAR #11 WORLD	16.13	16.27 15.89	-0.14 -0.86%