Oilboy Energy Ltd to resume trading activities of “Energy Products”

By MG News | February 09, 2022 at 12:43 PM GMT+05:00

0:00

February 09, 2022 (MLN): The board of directors of Oilboy Energy Limited (OBOY), in its meeting held on February 09, 2022, has decided and approved to resume the operating/trading activities of “Energy Products” mainly coal from February 10, 2022, the company informed through a notice to PSX today.

The company has already completed the initial necessary tasks that include sales tax registration, operating of bank accounts and registration on PSW to effectuate the trading activities.

With this resumption of trading activities, the company will rectify the defaulter reasons (under Regulation 5.11.1 (b) and (i)) in the process to arrange the updated “auditors’ opinion” in this regard.

It is prudent to highlight that Modaraba Al-Mali (MODAM) is targeting to complete the revival of Oilboy Energy Limited (formerly Drekkar Kingsway Limited) by the end of April 30, 2022, under the “Revival Business Plan” wherein the financial impact of this transaction will be around Rs100 million.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	125,627.31 258.99M	1.00% 1248.25
ALLSHR	78,584.71 1,142.41M	1.16% 904.89
KSE30	38,153.79 69.25M	0.63% 238.06
KMI30	184,886.50 91.38M	0.01% 13.72
KMIALLSHR	53,763.81 554.57M	0.54% 290.61
BKTi	31,921.68 33.15M	1.78% 557.94
OGTi	27,773.98 9.65M	-0.40% -112.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,065.00	109,565.00 107,195.00	580.00 0.54%
BRENT CRUDE	66.61	67.20 65.92	-0.19 -0.28%
RICHARDS BAY COAL MONTHLY	97.00	97.00 97.00	1.05 1.09%
ROTTERDAM COAL MONTHLY	107.65	107.65 105.85	1.25 1.17%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.98	65.82 64.50	-0.54 -0.82%
SUGAR #11 WORLD	16.19	16.74 16.14	-0.52 -3.11%