Which Chinese company showed the intention to acquire 66.4% shares in K-Electric recently, offering the Fifth time 2020 since past three years.
Which Chinese company showed the intention to acquire 66.4% shares in K-Electric recently, offering the Fifth time 2020 since past three years.
Explanation
Shanghai Electric Power Co., Ltd. agreed to acquire a 66.40% stake in K-Electric Limited (KASE: KEL) from KES POWER LTD.
K-Electric (KE) formerly known as Karachi Electric Supply Company / Karachi Electric Supply Corporation Limited)
KE is a publicly listed Company incorporated in Pakistan in 1913 as KESC.
Headquarters: Karachi
Area served: Karachi, Sindh, Pakistan
ND25-7-2023