According to the company’s statement on the local exchange today, the shareholders of Sui Southern Gas Company Limited have decided to start the issuing of 33.33 million ordinary shares through an Initial Public Offering (IPO) of SSGC LPG Limited.
SSGC LPG Limited 33.33 mn Shares Approved For IPO
Furthermore, it authorized all activities to have taken in order for the SSGC subsidiary (which will converte) to list on the Pakistan Stock Exchange Limited (PSX) at any time in the future.
The Companies Act of 2017, its rules and regulations, and the PSX Listing Regulations must all follow in order for the clearance to be granted.
Additionally, SSGC LPG, a fully owned subsidiary of SSGC that involves in the marketing and distribution of liquefied petroleum gas (LPG) throughout the nation.
To read our blog on “SSGC to list its LPG subsidiary at PSX with 33.3 mn shares,” click here.
