AEL to be dissolved after merger with Stylers International

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

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	185,098.83 381.92M	2.01% 3642.50
ALLSHR	111,509.35 956.25M	2.13% 2327.02
KSE30	56,737.75 167.91M	2.00% 1112.07
KMI30	260,872.72 165.83M	2.57% 6529.72
KMIALLSHR	71,488.31 461.39M	2.50% 1744.73
BKTi	53,691.60 50.03M	1.27% 672.83
OGTi	38,672.45 45.54M	4.90% 1805.03

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	95,235.00	96,060.00 94,395.00	-120.00 -0.13%
BRENT CRUDE	64.52	64.77 63.44	0.76 1.19%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-1.95 -2.20%
ROTTERDAM COAL MONTHLY	97.90	98.10 97.70	0.55 0.57%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	59.80	60.05 58.81	0.72 1.22%
SUGAR #11 WORLD	14.99	15.00 14.60	0.42 2.88%