Shanghai Electric Company withdraws PAI to acquire 66.4% share capital of K-Electric

MG News | September 23, 2019 at 11:53 AM GMT+05:00

0:00

September 23, 2019 (MLN): Shanghai Electric Power Company Limited has withdrawn the Public Announcement of Intention (PAI) for acquisition of up to 66.4% of the voting shares of K-Electric Limited.

A notification released by the manager to the offer, i.e. Arif Habib limited, stated that the time period for making the public announcement of offer had lapsed on September 21, 2019, on the basis that certain regulatory and other approvals for the transaction remained outstanding.

However, the noticed informed that Shanghai Electric Company would make a fresh PAI in accordance with the prescribed formalities with effect from the expiry date.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	159,578.19 333.05M	-1.06% -1703.58
ALLSHR	96,931.71 859.27M	-1.06% -1038.66
KSE30	48,368.92 143.32M	-1.28% -626.04
KMI30	228,555.67 91.55M	-1.25% -2892.46
KMIALLSHR	63,191.08 415.18M	-1.09% -697.97
BKTi	44,527.46 36.31M	-1.13% -510.27
OGTi	30,789.14 8.49M	-0.76% -236.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	104,085.00	105,030.00 99,285.00	3055.00 3.02%
BRENT CRUDE	63.53	64.95 63.44	-0.91 -1.41%
RICHARDS BAY COAL MONTHLY	87.15	87.50 87.00	0.35 0.40%
ROTTERDAM COAL MONTHLY	97.00	97.50 97.00	-0.75 -0.77%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	59.62	61.09 59.52	-0.94 -1.55%
SUGAR #11 WORLD	14.12	14.32 14.05	-0.10 -0.70%