MCB Bank voluntarily winds up its subsidiary

MG News | April 16, 2021 at 11:40 AM GMT+05:00

0:00

April 16, 2021 (MLN): MCB Bank Limited (PSX: MCB) has decided to voluntarily wind up Financial Management and Services, a wholly-owned subsidiary of the Bank, subject to compliance with all applicable legal requirements by the Company.

In this regard, the shareholders of the Bank at their annual general meeting, have authorized the Company Secretary and CEO of the Bank to do all acts, matters, deeds, and things, take any or all necessary actions including signing and execution of agreements and to complete all the regulatory, legal and other formalities including the filing of an application to the SECP, the SBP or any other authority as may be necessary or incidental or expedient for the purpose of implementing the aforesaid resolution.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%