CWSM appoints Intermarket Securities for IT business advisory

By MG News | November 08, 2024 at 03:02 PM GMT+05:00

0:00

November 08, 2024 (MLN): The Board of Chakwal Spinning Mills Limited (PSX: CWSM) has approved the appointment of Intermarket Securities Limited as the Financial Advisor/Consultant for the IT business of the company.

The services provided by Intermarket Securities Limited would include private placement, advisory services, fundraising support, regulatory compliance, corporate governance advisory, strategic financial restructuring, transaction management and execution and due diligence support.

The Board has also approved the tentative term sheet provided to it by Intermarket Securities Limited on behalf of their Investors for data center operations of CWSM.

The term sheet is applicable, subject to the regulatory approvals with respect to the change of name of CWSM, the change of the primary line of business to IT and the required due diligence of the company.

"The mandate shall be finalized including a complete scope of services, timeline and will be executed accordingly once the regulatory approvals are accorded," CWSM's notice to PSX concludes.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	132,556.34 90.28M	-0.63% -846.86
ALLSHR	82,924.81 493.87M	-0.32% -263.24
KSE30	40,333.68 32.30M	-0.78% -317.78
KMI30	190,700.26 36.57M	-0.72% -1383.66
KMIALLSHR	55,677.74 253.38M	-0.30% -169.96
BKTi	36,178.96 5.62M	-0.67% -243.91
OGTi	28,224.34 6.94M	-0.75% -213.27

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,065.00	109,545.00 108,625.00	-150.00 -0.14%
BRENT CRUDE	69.99	70.09 69.85	-0.16 -0.23%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.05 2.15%
ROTTERDAM COAL MONTHLY	106.65	106.65 106.25	0.50 0.47%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.14	68.27 67.78	-0.19 -0.28%
SUGAR #11 WORLD	16.15	16.37 16.10	-0.13 -0.80%