MCB Bank voluntarily winds up its subsidiary

News Image

By MG News | April 16, 2021 at 11:40 AM GMT+05:00

0:00

April 16, 2021 (MLN): MCB Bank Limited (PSX: MCB) has decided to voluntarily wind up Financial Management and Services, a wholly-owned subsidiary of the Bank, subject to compliance with all applicable legal requirements by the Company.

In this regard, the shareholders of the Bank at their annual general meeting, have authorized the Company Secretary and CEO of the Bank to do all acts, matters, deeds, and things, take any or all necessary actions including signing and execution of agreements and to complete all the regulatory, legal and other formalities including the filing of an application to the SECP, the SBP or any other authority as may be necessary or incidental or expedient for the purpose of implementing the aforesaid resolution.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 133,370.15
344.25M
1.08%
1421.08
ALLSHR 83,081.15
914.93M
1.23%
1011.89
KSE30 40,705.30
139.76M
0.79%
317.54
KMI30 192,580.68
159.45M
0.63%
1203.85
KMIALLSHR 55,835.71
548.23M
1.16%
641.74
BKTi 36,317.17
36.80M
1.36%
488.93
OGTi 28,542.96
8.63M
0.34%
96.61
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,950.00 110,525.00
107,865.00
-2465.00
-2.23%
BRENT CRUDE 69.54 69.69
67.22
1.24
1.82%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.90
3.07%
ROTTERDAM COAL MONTHLY 106.00 106.75
106.00
0.25
0.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.88 68.04
65.40
0.88
1.31%
SUGAR #11 WORLD 16.25 16.46
16.07
-0.13
-0.79%

Chart of the Day


Latest News
July 07, 2025 at 05:30 PM GMT+05:00

CCP cracks down on anti-competitive practices in FY25


July 07, 2025 at 04:42 PM GMT+05:00

China opens BRICS Customs Centre to boost trade ties


July 07, 2025 at 04:39 PM GMT+05:00

SECP wraps up 1,761 proceedings in FY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg