FUDLM certificate holders approve merger with UDLI, UDLF

MG News | July 14, 2023 at 02:54 PM GMT+05:00

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July 14, 2023 (MLN): The certificate holders of First UDL Modaraba (PSX: FUDLM) have approved the merger between FUDLM and UDL International Limited (UDLI) and UDL Financial Services Limited (UDLF), the company’s latest filing on PSX revealed.

“The Chief Executive Officer or Company Secretary or Chief Financial Officer of FUDLM on behalf of FUDLM to do or cause to be done all acts, deeds, and things as may be considered necessary and appropriate, ancillary or incidental on behalf of FUDLM for the completion and implementation of the merger,” the notice reads.

It further states that the company must submit all necessary documents as required by the High Court or any other regulator in relation to the aforementioned scheme of arrangement.

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