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Pending approvals stall Calcorp acquisition process

13:09
November 19, 2024
MG

November 19, 2024 (MLN): As Manager to the Offer, JS Global Capital Limited announced the withdrawal of the Public Announcement of Intention (PAI) by Asif Ali Shaikh and co-acquirers to acquire 83.96% of Calcorp Limited (PSX: CASH).

The withdrawal is due to pending regulatory and other approvals before the November 18, 2024, deadline.

The Acquirers remain committed to completing the transaction and will re-issue a fresh PAI after securing the necessary approvals.

This step ensures compliance with the law, and the transaction will proceed as soon as approvals are obtained.

Asif Ali Shaikh is the senior managing partner of Asif Rice Mills (ARM) which is the second-largest rice exporting firm in Pakistan.

Copyright Mettis Link News

Posted on: 2024-11-19T13:08:46+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.05000	278.15000	278.20000	278.05000	01:06 PM
2	EUR	1.05010	1.05030	1.05050	1.05030	11:43 AM
3	GBP	1.26180	1.26180	1.26220	1.26180	11:43 AM
4	CHF	0.89222	0.89270	0.89260	0.89270	11:52 AM
5	JPY	153.73000	153.74000	153.85000	153.74000	11:43 AM
6	CAD	1.42340	1.42390	1.42350	1.42390	11:43 AM
7	AUD	0.63510	0.63550	0.63570	0.63550	11:43 AM
8	INR	84.80200	84.81700	84.80200	84.81700	10:27 AM
9	SAR	3.75720	3.75760	3.75720	3.75760	04:59 PM
10	AED	3.67290	3.67310	3.67290	3.67310	09:31 AM
11	HKD	7.77490	7.77540	7.77520	7.77530	11:43 AM
12	CNH	7.27950	7.28150	7.27950	7.28150	10:27 AM
13	CNY	7.27560	7.27690	0.00000	0.00000	09:05 PM
14	THB	34.11900	34.16900	34.11900	34.16900	10:27 AM
15	MYR	4.44750	4.45250	4.45250	4.44190	07:00 PM
16	IDR	16,025.80000	16,039.10000	16,025.80000	16,039.10000	11:37 AM
17	SGD	1.34780	1.34880	1.34820	1.34880	11:43 AM
18	NZD	0.57580	0.57630	0.57600	0.57630	11:40 AM
19	MXN	20.11580	20.14500	20.11580	20.14500	11:43 AM
20	TRY	34.94300	34.94700	34.94300	34.94700	10:27 AM
21	SEK	10.97560	10.98460	10.97560	10.97850	11:43 AM
22	ZAR	17.83900	17.87055	17.86060	17.87055	11:43 AM
23	NOK	11.13980	11.14580	11.14020	11.14420	11:43 AM
24	DKK	7.10010	7.10110	7.10010	7.10040	11:40 AM
25	ARS	1,016.36897	1,016.52125	1,017.99550	1,016.52125	11:53 AM
26	BDT	117.58268	121.00880	117.58268	121.00880	10:27 AM
27	BHD	0.37710	0.37730	0.00000	0.00000	12:31 PM
28	BRL	6.04090	6.04390	6.04090	6.04390	11:37 AM
29	KRW	1,434.45000	1,436.45000	1,434.45000	1,436.45000	11:37 AM
30	KWD	0.30780	0.30790	0.30780	0.30790	09:31 AM
31	LKR	286.35736	293.01927	286.35736	293.01927	10:27 AM
32	OMR	0.38492	0.38507	0.00000	0.00000	02:57 AM
33	QAR	3.64400	3.64850	3.64400	3.64850	09:31 AM
34	RUB	102.30788	104.21128	104.45672	104.21128	11:52 AM
35	AFN	68.94123	70.84463	68.94123	70.84463	10:27 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	05:43 AM
37	TMT	3.36000	3.66000	3.36000	3.66000	07:00 PM
38	MVR	15.25000	15.55000	15.25000	15.55000	07:00 PM
39	UZS	12,804.18749	12,870.80657	12,804.18749	12,870.80657	10:27 AM
40	PHP	58.55200	58.73600	59.02100	58.27500	07:00 PM
42	NGN	1,547.61000	1,548.61000	1,554.51000	1,541.15000	07:00 PM
43	KES	127.59458	130.44968	127.59458	130.44968	10:27 AM
44	AMD	363.74019	420.84226	363.74019	420.84226	10:27 AM
45	TWD	32.49830	32.52830	32.49830	32.52830	11:37 AM
46	XAU	2,648.05000	2,649.86000	2,648.05000	2,649.86000	11:39 AM
47	XAG	30.53420	30.58080	30.53420	30.58080	11:39 AM
48	XPT	924.60000	927.00000	924.60000	927.00000	02:50 AM
49	XPD	952.37750	960.20250	0.00000	0.00000	02:49 AM
2,120	VES	50.26160	50.27610	50.26160	50.27610	11:53 AM
2,212	UGX	3,597.43041	3,683.08351	3,597.43041	3,683.08351	10:27 AM
2,213	TZS	2,323.19772	2,418.36783	2,323.19772	2,418.36783	10:27 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	115,172.45	114,301.801	112,609.26	121.292	0.106	479,749,698.0	44,316,484,561.600	13/12/2024 04:50 PM
ALLSHR	72,657.38	72,362.224	71,370.65	349.852	0.486	1,117,741,730.0	59,496,981,638.880	13/12/2024 04:50 PM
KSE30	36,066.73	35,805.434	35,111.30	104.087	0.292	182,721,656.0	33,226,150,031.660	13/12/2024 04:50 PM
KMI30	180,120.13	179,177.330	175,168.94	1,107.458	0.622	138,958,950.0	25,123,000,542.920	13/12/2024 04:50 PM
KMIALLSHR	51,675.59	51,457.041	50,535.95	532.407	1.046	749,180,669.0	43,532,734,259.530	13/12/2024 04:50 PM
BKTi	25,002.82	23,937.594	23,564.82	-1,035.289	-4.146	17,217,356.0	3,834,882,203.620	13/12/2024 04:50 PM
OGTi	32,004.27	31,802.095	30,211.35	1,385.948	4.557	37,916,719.0	12,089,582,293.350	13/12/2024 04:50 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	101,840.0	102,605.0	99,620.0	1,435.00
BRENT CRUDE	EB	74.4	74.6	73.3	0.94
RICHARDS BAY COAL MONTHLY	EF	112.0	0.0	0.0	3.20
ROTTERDAM COAL MONTHLY	ET	113.3	0.0	0.0	0.70
USD RBD PALM OLEIN	POL	1,150.0	1,150.0	1,150.0	0.00
CRUDE OIL – WTI	QCL	71.1	71.4	69.9	1.07
SUGAR #11 WORLD	SB	20.7	21.0	20.6	-0.16