Corporate Alert: KAPCO considers a bid to acquire up to 14.91% of HUBCO stake being divested by Dawood Hercules Corporation
MG News | August 10, 2017 at 11:50 AM GMT+05:00
In a notice informing the relevant stakeholders, Kot Addu Power Company Ltd. (KAPCO) has informed that subject to requisite corporate and regulatory approvals, a strategic plan is to be considered/evaluated by the Board of Directors and if considered appropriate a bid will be submitted to acquire 172,582,000 ordinary shares (constituting 14.91%) of the Hub Power Company Ltd. (HUBCO), which are being currently offered by Dawood Hercules Company Ltd. (DHCL) and an additional number of 28,502,105 ordinary shares (constituting 2.46%) of HUBCO being offered by some other shareholders.
The original notice was revoked and a new one was issued at 11:16 a.m.
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 162,803.16 353.00M | 0.72% 1171.42 |
| ALLSHR | 98,852.42 947.86M | 0.61% 597.68 |
| KSE30 | 49,497.35 204.97M | 0.24% 120.05 |
| KMI30 | 234,519.02 114.11M | 0.78% 1818.74 |
| KMIALLSHR | 64,510.15 338.03M | 0.52% 330.55 |
| BKTi | 45,699.73 99.84M | -1.37% -634.44 |
| OGTi | 31,506.29 9.79M | 0.46% 143.56 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 107,805.00 | 111,290.00 105,755.00 | -2515.00 -2.28% |
| BRENT CRUDE | 65.05 | 65.32 64.33 | 0.28 0.43% |
| RICHARDS BAY COAL MONTHLY | 86.00 | 0.00 0.00 | 0.00 0.00% |
| ROTTERDAM COAL MONTHLY | 96.80 | 98.00 95.70 | 0.10 0.10% |
| USD RBD PALM OLEIN | 1,082.50 | 1,082.50 1,082.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 61.25 | 61.50 60.51 | 0.27 0.44% |
| SUGAR #11 WORLD | 14.68 | 14.73 14.36 | 0.25 1.73% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
× ![]()