AEL to be dissolved after merger with Stylers International

MG News | June 27, 2023 at 10:35 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 27, 2023 (MLN): The shareholders of AEL Textile Limited (PSX: AEL) have approved the merger of the company with and into Stylers International Limited (SIL), AEL’s latest filing on PSX revealed today.

“Shares of SIL will be issued and allotted to the members of AEL as consideration for the proposed merger and the shares of SIL will stand listed on the PSX,” the notice reads.

It further states that as a consequence of the proposed merger and upon the listing of the shares of SIL on PSX, AEL will be delisted from the PSX and will be dissolved without winding up.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	169,392.33 140.87M	0.85% 1421.67
ALLSHR	102,246.77 370.03M	0.62% 626.89
KSE30	50,468.10 50.48M	0.76% 379.72
KMI30	241,108.75 61.37M	0.48% 1151.64
KMIALLSHR	66,245.50 219.95M	0.50% 327.36
BKTi	46,992.31 14.07M	0.64% 300.00
OGTi	34,488.93 4.55M	0.11% 37.74

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,490.00	75,990.00 75,140.00	-675.00 -0.89%
BRENT CRUDE	108.51	108.59 107.62	-0.24 -0.22%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	2.75 2.16%
ROTTERDAM COAL MONTHLY	138.50	138.50 138.50	-0.80 -0.57%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	105.25	105.63 104.69	-0.58 -0.55%
SUGAR #11 WORLD	17.98	18.30 17.88	-0.18 -0.99%