Shanghai Electric submits fresh Public Announcement of Intention to buy shares of K-Electric amounting to 66.4 percent

News Image

MG News | June 14, 2017 at 04:50 PM GMT+05:00

0:00

Shanghai Electric Power has submitted fresh letter of interest in buying stakes in Kelectric as older was expiring on June 30, 2017.

Arif Habib Limited manager to the offer and Kelectric in a communiqué to Pakistan Stock Exchange that company has received fresh public announcement of intention for acquisition of up to 66.4 percent of the voting shares of Kelectric by Shanghai Electric Power subject to requisite regulatory and other approvals.

Previous Public Announcement Intention was due to expire on June 30, 2017, according to an official of the company it has been routine procedure and to finalize one the biggest corporate deal it is taking time as the buyer has to take number of approvals from the government and regulatory authorities

Related News

Name Price/Vol %Chg/NChg
KSE100 157,953.47
555.47M
1.14%
1775.65
ALLSHR 96,741.22
1,957.60M
1.16%
1110.83
KSE30 48,198.94
249.79M
1.09%
520.47
KMI30 232,694.17
290.89M
1.31%
3011.94
KMIALLSHR 65,027.13
1,019.78M
1.03%
660.37
BKTi 42,489.56
84.10M
1.35%
566.75
OGTi 31,779.36
15.21M
0.14%
43.57
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,210.00 118,295.00
116,115.00
2385.00
2.06%
BRENT CRUDE 67.57 68.42
67.19
-0.38
-0.56%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 94.00 94.50
94.00
0.45
0.48%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.39 64.20
63.03
-0.31
-0.49%
SUGAR #11 WORLD 16.13 16.27
15.89
-0.14
-0.86%

Chart of the Day


Latest News
September 18, 2025 at 07:00 PM GMT+05:00

Pakistan's Forex Reserves Increase by USD 54.80 Million


September 18, 2025 at 05:59 PM GMT+05:00

Textile exports drop to $1.4bn in August


September 18, 2025 at 05:45 PM GMT+05:00

U. S. A. leads as top export destination for Pakistan in August


September 18, 2025 at 05:40 PM GMT+05:00

Pakistan's Power sector attracts net FDI of 86.5m in August



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg