Avanceon approves sale of Empiric AI to Octopus Digital

News Image

By MG News | November 29, 2023 at 12:49 PM GMT+05:00

0:00

November 29, 2023 (MLN): The Board of Directors (BoD) of Avanceon Limited (PSX: AVN) has approved the sale/transfer/dispose of the entire shareholding in its wholly owned subsidiary Empiric AI (Private) Limited (EPL) to Octopus Digital Limited (PSX: OCTOPUS), the company's filing on the local bourse showed today.

To note, Octopus is a subsidiary of Avanceon Limited.

Moreover, the BoD has approved the sale/transfer/dispose of the entire shareholding of Octopus Digital Inc., Pennsylvania USA (ODI) (formerly Engro Innovative, Inc.).

The consummation of the transaction will be subject to the sale/transfer/dispose of all applicable regulatory and corporate approvals as may be required.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 132,576.99
161.03M
-0.62%
-826.20
ALLSHR 82,983.68
903.36M
-0.25%
-204.38
KSE30 40,358.80
56.86M
-0.72%
-292.66
KMI30 190,727.32
67.92M
-0.71%
-1356.60
KMIALLSHR 55,698.48
457.08M
-0.27%
-149.22
BKTi 36,242.06
11.15M
-0.50%
-180.82
OGTi 28,323.42
10.71M
-0.40%
-114.19
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,855.00 110,265.00
108,625.00
640.00
0.59%
BRENT CRUDE 70.50 70.71
69.61
0.35
0.50%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.45
1.51%
ROTTERDAM COAL MONTHLY 108.00 109.00
107.95
0.90
0.84%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.74 68.94
67.70
0.41
0.60%
SUGAR #11 WORLD 16.56 16.61
16.08
0.43
2.67%

Chart of the Day


Latest News
July 09, 2025 at 05:27 PM GMT+05:00

Gold price in Pakistan falls Rs3,000 per tola


July 09, 2025 at 05:26 PM GMT+05:00

UBL crowned top performing Primary Dealer in FY25


July 09, 2025 at 05:11 PM GMT+05:00

SECP approves name change for Secure Logistics



Top 5 things to watch in this week

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