TPLT approves de-merger of mapping segment by creating a separate entity

MG News | June 14, 2022 at 03:17 PM GMT+05:00

0:00

June 14, 2022 (MLN): The Board of Directors of TPL Trakker has approved the de-merger of the mapping segment of the business from the Company by creating a separate entity in Pakistan and transferring the net assets to the same, company’s filing on bourse showed today.

In addition, the board also authorized the management to incorporate a foreign entity in a suitable jurisdiction for holding the investments in the mapping business.

This is going to be a stepping stone for raising international as well as local funds from the investors to enhance the footprint of the digital mapping business, the company said.

The company aims to conclude the aforesaid process within the next two months subject to obtaining all regulatory approvals.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,823.88 448.99M	-1.54% -2588.35
ALLSHR	99,160.90 1,085.27M	-1.67% -1680.26
KSE30	50,101.96 142.26M	-1.74% -888.53
KMI30	238,681.37 216.35M	-1.30% -3152.79
KMIALLSHR	64,435.58 615.36M	-1.35% -884.80
BKTi	46,165.92 56.22M	-2.48% -1174.89
OGTi	34,125.34 9.28M	-2.33% -814.62

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,045.00	78,325.00 75,130.00	-615.00 -0.80%
BRENT CRUDE	120.12	120.27 110.26	8.86 7.96%
RICHARDS BAY COAL MONTHLY	113.00	113.00 109.00	4.25 3.91%
ROTTERDAM COAL MONTHLY	110.50	110.50 105.00	5.85 5.59%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	108.30	108.49 98.42	8.37 8.38%
SUGAR #11 WORLD	14.75	14.80 14.25	0.52 3.65%