China Financial Futures Exchange Co., Ltd., Pak China Investment Company Limited, Habib Bank Limited, The Shanghai Stock Exchange, Ltd., and Shenzhen Stock Exchange completed the acquisition of 40% stake in Pakistan Stock Exchange Limited.
January 20, 2017
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China Financial Futures Exchange Co., Ltd., Pak China Investment Company Limited, Habib Bank Limited (KASE:HBL), The Shanghai Stock Exchange, Ltd., and Shenzhen Stock Exchange won a bid to acquire 40% stake in Pakistan Stock Exchange Limited for PKR 9 billion on December 22, 2016. Under the terms of the agreement, China Financial Futures Exchange will acquire 17% stake representing 136.3 million shares and The Shanghai Stock Exchange will acquire 8% stake representing 64.1 million shares in Pakistan Stock Exchange Limited for PKR 28 per share. Shenzhen Stock Exchange, Pak China Investment Company Limited and Habib Bank Limited (KASE:HBL) will acquire 5% stake each in Pakistan Stock Exchange Limited representing 40.1 million shares for PKR 28 per share. China Financial Futures Exchange Co., Ltd., Pak China Investment Company Limited, Habib Bank Limited (KASE:HBL), The Shanghai Stock Exchange, Ltd., and Shenzhen Stock Exchange signed an agreement to acquire 40% stake in Pakistan Stock Exchange Limited on December 28, 2016. The transaction is subject to Securities and Exchange Commission of Pakistan approval. As on December 30, 2016, Securities and Exchange Commission of Pakistan approved the transaction. As on January 7, 2017, the parties will sign a purchase agreement on January 20, 2017.
China Financial Futures Exchange Co., Ltd., Pak China Investment Company Limited, Habib Bank Limited (KASE:HBL), The Shanghai Stock Exchange, Ltd., and Shenzhen Stock Exchange completed the acquisition of 40% stake in Pakistan Stock Exchange Limited on January 20, 2017.
Pakistan Stock Exchange Limited is a Pakistan-based company. The Company is engaged in conducting, regulating and controlling the trade or business of buying, selling and dealing in shares, scripts, participation term certificates, modaraba certificates, stocks, bonds, debentures stock, government papers, loans, and any other instruments and securities of like nature, including, but not limited to, special national fund bonds, bearer national fund bonds, foreign exchange bearer certificates and documents of similar nature, issued by the Government of Pakistan or any other agency authorized by the Government of Pakistan. It also facilitates capital formation, serving a range of participants, including individual and institutional investors, the trading community, and listed companies. The Companyâs products include equity, fixed income, derivatives, exchange traded funds (ETFs), margin trading system, and Sahulat account. It provides Trading Services, and Data Services and Vending.
China Financial Futures Exchange Co., Ltd., Pak China Investment Company Limited, Habib Bank Limited, The Shanghai Stock Exchange, Ltd., and Shenzhen Stock Exchange completed the acquisition of 40% stake in Pakistan Stock Exchange Limited.
PAKISTAN STOCK EXCHANGE LIMITED 
