MCB Bank to sell MCB Financial Services Ltd via Share Purchase Agreement

MG News | October 15, 2019 at 12:21 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 15, 2019 (MLN): MCB Bank Limited, in a notification to PSX, has informed that it shall dispose of its wholly owned subsidiary, MCB Financial Services Limited to ISE Tower REIT Management Company Limited and its nominee, namely Infortech (Private) Limited, as a co purchaser.

The aforesaid transaction will take place through ‘Share Purchase Agreement’, dated October 15, 2019 for a total consideration of Rs. 89,459,258, the notification stated.

Copyright Mettis Link News

Related News

PSX Closing Bell: A Nudge Lower

SE Fruits and Vegetable Limited opens IPO subscription for general public

CPEC plants double Hubco's dividend haul to Rs29bn

Name	Price/Vol	%Chg/NChg
KSE100	170,676.87 23.51M	0.15% 251.25
ALLSHR	103,289.39 81.80M	0.23% 232.37
KSE30	50,773.75 4.57M	0.11% 55.91
KMI30	244,307.18 7.50M	0.08% 205.33
KMIALLSHR	66,958.11 50.29M	0.21% 138.47
BKTi	47,149.77 0.75M	0.13% 60.38
OGTi	34,990.87 0.32M	-0.06% -21.58

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,510.00	84,005.00 83,100.00	-280.00 -0.33%
BRENT CRUDE	107.25	107.37 105.76	1.97 1.87%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	-0.10 -0.08%
ROTTERDAM COAL MONTHLY	138.00	138.60 136.95	1.25 0.91%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	94.25	94.36 93.00	1.65 1.78%
SUGAR #11 WORLD	18.57	18.84 18.39	0.07 0.38%