NCL, NCPL, resolved to be independent of each other

By MG News | April 12, 2022 at 02:02 PM GMT+05:00

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April 12, 2022 (MLN): Nishat (Chunian) Limited (NCL), in an extra general meeting held today, has resolved the Scheme of Compromises, Arrangement and Reconstruction (the "Scheme") for making NCL and Nishat (Chunian) Power Limited totally independent of each other by the transfer of NCPL shares amongst the member of NCL.

It has been further resolved the scheme for separation of a piece of land from the company, transferring it to Nishat (Chunian) Properties (Private) Limited, a 100% owned subsidiary of Nishat (Chunian) Limited.

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