SPEL to sub-divide its shareSPEL to sub-divide its share's fac face value from Rs10 to Rs5 each

MG News | August 25, 2021 at 10:36 AM GMT+05:00

0:00

August 25, 2021 (MLN): The Board of Directors of Synthetic Products Enterprises Limited have considered and recommended to sub-divide the face value of the Shares of the Company from Rs10 to Rs5 each, by way of increasing the number of shares to double, in accordance with section 85 (1) (b) of the Companies Act 2017.

In addition, the board also recommended to increase the Authorized Capital of the Company from Rs1bn to Rs1.5bn, Company notice to PSX said.

The aforementioned recommendations will be approved by the shareholders of the Company in the upcoming Annual General Meeting.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%