Shanghai Electric gets further extention for making the PAO to accquire 66.4% shares of K-Electric

MG News | March 30, 2020 at 11:28 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 30, 2020 (MLN): The SECP has approved the request by Shanghai Electric Company for extension of 90 days in the making Public Announcement of Offer to acquire 66.4% shares of K-Electric Limited, which now may be made till June 26, 2020.

Arif Habib Limited, the Manager to the Offer for this acquisition, made the above announcement on Monday.

For the unversed, Shanghai Electric had made a Public Announcement of Intention to acquire 66.4% shares of K-Electric Limited on September 30, 2019.

As part of the acquisition process, the Acquirer had requested an extension of 90 days in making the Public Announcement of Offer which was to be made by March 28, 2020.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,021.77 189.72M	0.25% 421.57
ALLSHR	102,948.64 548.49M	0.34% 346.09
KSE30	51,134.36 72.87M	0.31% 158.45
KMI30	244,782.99 99.61M	0.34% 835.02
KMIALLSHR	66,768.30 330.34M	0.33% 220.50
BKTi	46,907.34 20.99M	0.34% 157.94
OGTi	35,410.27 6.44M	0.23% 80.71

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,300.00	71,705.00 67,150.00	-4435.00 -6.18%
BRENT CRUDE	96.14	96.28 92.83	1.16 1.22%
RICHARDS BAY COAL MONTHLY	120.00	120.50 120.00	-1.50 -1.23%
ROTTERDAM COAL MONTHLY	137.90	139.10 136.50	0.05 0.04%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	93.89	94.00 90.12	1.73 1.88%
SUGAR #11 WORLD	14.38	14.47 14.25	-0.07 -0.48%