IGI Securities Limited – Investor Kit – Top News (29-06-2020)

Karachi, June 29, 2020 (PPI-OT): KE purchase, Shanghai Electric withdrew offer

Shanghai Electric Power Company Limited has withdrawn its offer to buy K-Electric, a private company supplying electricity to Karachi. As per details, the sale of KE to Shanghai Electric could not be completed. Shanghai Electric withdrew the offer at the end of the contract period. In this regard, the manager of Shanghai Electric has written a letter to K Electric.

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