Interloop’s shareholders approve transaction of asset sale and liability settlement of \"IL Bangla Limited\"

News Image

MG News | December 10, 2020 at 06:41 PM GMT+05:00

0:00

December 10, 2020 (MLN): Interloop Limited (ILP), at Extraordinary General Meeting of the Company held today, has passed the resolution adopted by its shareholders that "IL Bangla Limited" a Bangladesh based Associated Undertaking, for the transaction of the asset sale and liability settlement of "IL Bangla Limited" be and is hereby approved.

According to the notification issued to PSX, this is subject to compliance with all statutory and legal requirements and/or other approvals as may be necessary.

Company’s shareholders further resolved that the Director, Chief Executive Officer and the Company Secretary of the Company be and are hereby singly authorized to complete all the related regulatory, legal and other formalities of this transaction and to further authorize person(s) to deal and negotiate, execute and implement the transaction with the party (ies) involved.

It has been further resolved that Director, Chief Executive Officer and the Company Secretary of the Company be and are hereby authorized singly to initiate and complete the process for the winding up of "IL Bangla Limited" a Bangladesh based Associated Undertaking, in coordination with other parties subsequent to the consummation of this transaction.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 135,939.87
307.74M
-0.41%
-562.67
ALLSHR 84,600.38
877.08M
-0.56%
-479.52
KSE30 41,373.68
101.15M
-0.43%
-178.94
KMI30 191,069.98
82.45M
-1.17%
-2260.79
KMIALLSHR 55,738.07
422.01M
-1.03%
-577.24
BKTi 38,489.75
45.79M
-0.02%
-8.33
OGTi 27,788.15
6.87M
-1.24%
-350.24
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,880.00 118,465.00
117,475.00
1140.00
0.98%
BRENT CRUDE 69.02 69.06
68.89
0.31
0.45%
RICHARDS BAY COAL MONTHLY 96.50 96.50
96.50
0.50
0.52%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.25
-2.05
-1.92%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.94 66.97
66.73
0.42
0.63%
SUGAR #11 WORLD 16.56 16.61
16.25
0.26
1.60%

Chart of the Day


Latest News
July 16, 2025 at 06:18 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 15, 2025 at 05:46 PM GMT+05:00

Labubu Mania drives Pop Mart’s profit surge


July 15, 2025 at 05:22 PM GMT+05:00

Big industry output rises 2.29% in May



Top 5 things to watch in this week

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