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	175,379.87 491.73M	1.96% 3366.38
ALLSHR	105,023.93 993.58M	1.82% 1874.96
KSE30	51,596.07 292.32M	1.93% 977.56
KMI30	251,232.44 188.65M	1.96% 4834.26
KMIALLSHR	67,826.54 523.99M	1.78% 1187.47
BKTi	48,333.80 98.73M	2.56% 1207.30
OGTi	34,809.01 9.81M	1.19% 408.89

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,665.00	81,185.00 80,465.00	330.00 0.41%
BRENT CRUDE	96.13	96.25 93.44	1.51 1.60%
RICHARDS BAY COAL MONTHLY	126.00	0.00 0.00	-0.10 -0.08%
ROTTERDAM COAL MONTHLY	138.95	0.00 0.00	0.65 0.47%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	88.62	88.69 86.65	0.50 0.57%
SUGAR #11 WORLD	18.55	18.58 18.36	0.08 0.43%