Shanghai Electric requests 90 day extension for acquiring 66.4% of KEL shares

MG News | June 28, 2019 at 09:38 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 28, 2019 (MLN): Shanghai Electric Power Company Limited has requested an extension of 90 days in making the Public Announcement of Offer for acquisition of 66.40% shares of k-Electric Limited.

A Public Announcement of Intention for the same purpose was made on December 25, 2018 and Arif Habib Limited is acting as the Manager to the Offer for this acquisition. The announcement for offer was originally to be made by June 23, 2019.

Copyright Mettis Link News

Related News

Weekly Market Roundup

PSX Closing Bell: A Minor Mark in Red

Sapphire Fibres seeks stake in FESCO privatisation

Name	Price/Vol	%Chg/NChg
KSE100	181,430.02 376.06M	-0.19% -346.57
ALLSHR	109,168.67 713.66M	-0.13% -139.83
KSE30	54,263.26 125.13M	-0.24% -128.56
KMI30	255,651.73 86.61M	-0.19% -483.04
KMIALLSHR	69,991.04 446.60M	-0.05% -33.30
BKTi	52,205.98 60.34M	-0.31% -161.74
OGTi	35,363.45 11.64M	0.17% 60.63

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,020.00	66,020.00 64,290.00	400.00 0.62%
BRENT CRUDE	82.70	84.44 81.50	0.21 0.25%
RICHARDS BAY COAL MONTHLY	105.50	105.50 105.50	-0.25 -0.24%
ROTTERDAM COAL MONTHLY	116.25	117.00 116.25	-0.10 -0.09%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	77.37	78.77 76.53	0.08 0.10%
SUGAR #11 WORLD	16.49	16.50 15.49	0.92 5.91%