JS Globals’s major foreign shareholder, GIH merges with its holding company KAMCO

MG News | December 27, 2019 at 10:51 AM GMT+05:00

0:00

December 27, 2019 (MLN): JS Global Capital Limited via notification to Pakistan Stock Exchange (PSX) has notified that its major foreign shareholder, namely Global Investment House of Kuwait (GIH) has merged via amalgamation with its holding company, Kamco Investment Company.

GIH holds 3,108,551 shares i.e. 10.17% stake in JS Global Capital Limited. The Capital Markets Authority of State of Kuwait has granted its approval for the merge scheme and amalgamation.

The company further informed that it has initiated the process of changing the name of GIH to KAMCO Investment Company (K.S.C.P).

Moreover, the authorized dealers GIH (now KAMCO Investment company) has also initiated the process to apply SBP, CDC and other pertinent authorities to register change of name in their records.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,404.49 326.40M	-0.32% -556.16
ALLSHR	103,442.24 795.99M	-0.21% -217.04
KSE30	52,413.79 113.03M	-0.27% -143.72
KMI30	244,645.84 109.10M	-0.15% -378.05
KMIALLSHR	67,050.27 450.39M	-0.02% -14.08
BKTi	47,413.54 37.21M	-0.37% -176.81
OGTi	33,419.75 8.88M	-0.20% -67.52

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,895.00	89,510.00 85,135.00	3075.00 3.63%
BRENT CRUDE	60.55	60.65 59.40	0.73 1.22%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.90	96.90 96.90	0.50 0.52%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.54	56.72 55.61	0.54 0.96%
SUGAR #11 WORLD	14.85	14.87 14.45	0.37 2.56%