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M A N A G E D B Y June 2, 2023 The General Manager, Pakistan Stock Exchange Limited, Stock... | June 2, 2023
Tongaat analyst and whistle-blower Dave Woollam has called for a postponement to tomorrow’s extraordinary general meeting.
The listing of the said shares took place today. Engro Polymers and Chemicals Limited aimed to raise Rs. 3 billion, through 300 million preference shares of the face value of Rs. 10 per share. Out of the 300 million preference shares, 262.5 million preference shares (87.5 percent) were offered to and subscribed by the Pre-IPO investors. Whereas 37.5 million preference shares (12.5 percent) were offered to the general public. ALSO READ The applications were received for subscriptions of more than 202 million shares being received against an allocated target of 37.5 million shares in the genera...