Telecard to sell 81.18% stake in Supernet to Hallmark

MG News | December 20, 2023 at 12:43 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 20, 2023 (MLN): The Board of Directors of Telecard Limited (PSX: TELE) has approved entering into a Share Purchase Agreement with Hallmark Company Limited for the sale and transfer of Telecard's entire shareholding in Supernet Limited, the company's filing on PSX showed today.

It consists of 100.21 million shares constituting approximately 81.18% of the issued and paid-up capital of Supernet to Hallmark, a direct subsidiary of Telecard Limited.

The consummation of the proposed transaction will be subject to the approval of the shareholders of the company and procurement of all applicable regulatory and corporate approvals as may be required.

The company will accordingly be issuing the notice for the extraordinary general meeting in due course.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,021.20 228.53M	-0.42% -718.25
ALLSHR	103,836.39 572.65M	-0.41% -422.85
KSE30	50,951.99 89.47M	-0.52% -264.77
KMI30	240,633.87 93.99M	-0.31% -756.80
KMIALLSHR	66,572.75 300.61M	-0.28% -185.59
BKTi	48,673.23 31.18M	-0.70% -343.86
OGTi	33,702.25 6.35M	-0.61% -205.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,355.00	64,470.00 63,875.00	140.00 0.22%
BRENT CRUDE	98.70	101.19 95.13	-1.99 -1.98%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	121.10	121.10 121.10	0.70 0.58%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	90.47	92.83 87.68	-1.72 -1.87%
SUGAR #11 WORLD	14.76	14.79 14.54	0.07 0.48%