Nishat Chunian to either acquire or merge with NC Electric Co.

MG News | December 10, 2019 at 10:48 AM GMT+05:00

0:00

December 10, 2019 (MLN): The Board of Directors of Nishat Chunian Limited (NCL), in its meeting held on Tuesday, discussed the matter of merger or acquisition of NC Electric Company Limited (NCECL) i.e. a 100% owned subsidiary of the company.

For the above purpose, Board of Directors granted in-principal approval for any of the following:

1. Acquisition of all assets of NCECL along with its liabilities by NCL.

2. The merger of both companies under Companies Act 2019

It has been decided in the board meeting that the final course of action will be taken after due consultation with the subject specialists.

Copyright Mettis Link News

Related News

PSX Closing Bell: Down in the Valley

KOHC Consortium moves forward in PIA privatization bid

Lucky Cement Board clears participation in PIACL privatization bid

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%