Waves Singer Pakistan submits EOI to acquire 96.6% shares of Heavy Electrical Complex

News Image

MG News | February 01, 2021 at 02:08 PM GMT+05:00

February 1, 2021 (MLN): The Board of Directors of Waves Singer Pakistan Limited have approved submission of an Expression of Interest (EOI) for the acquisition of 96.6% shares of Heavy Electrical Complex (Private) Limited (HEC) from the Government of Pakistan (GoP) by way of privatization process.

The above mention EOI will be followed by a detailed due diligence process (if the company is shortlisted) and completion of other necessary formalities. The results of the due diligence shall be placed before the Board for review and discussion and to resolve/approve further course of action in respect of the Transaction.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 170,511.86
278.75M
0.98%
1646.82
ALLSHR 103,203.80
682.99M
0.89%
908.76
KSE30 50,839.23
100.13M
1.18%
592.12
KMI30 243,245.60
147.66M
1.61%
3852.07
KMIALLSHR 66,892.15
407.33M
1.15%
757.54
BKTi 47,509.55
28.38M
0.77%
361.93
OGTi 34,789.19
8.38M
1.60%
547.02
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 77,295.00 77,640.00
76,425.00
-135.00
-0.17%
BRENT CRUDE 104.32 109.97
103.50
-3.31
-3.08%
RICHARDS BAY COAL MONTHLY 130.00 0.00
0.00
1.70
1.33%
ROTTERDAM COAL MONTHLY 140.00 0.00
0.00
-0.75
-0.53%
USD RBD PALM OLEIN 1,228.00 1,228.00
1,228.00
0.00
0.00%
CRUDE OIL - WTI 99.99 0.00
0.00
-0.06
-0.06%
SUGAR #11 WORLD 18.15 18.84
17.93
-0.58
-3.10%

Chart of the Day


Latest News
September 12, 2026 at 10:15 AM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


September 12, 2026 at 09:35 AM GMT+05:00

Weekly Market Roundup


September 12, 2026 at 03:27 AM GMT+05:00

Foreign currency deposits rise by $69m in August 2026


September 11, 2026 at 11:33 PM GMT+05:00

Diesel up Rs5.28, petrol Rs5.02 from September 12



Top 5 things to watch in this week

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