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Pakistan’s first SPAC transaction: Ningbo Green Light Energy lists on PSX
KARACHI: Ningbo Green Light Energy Limited (NGLEL) has been listed on the Main Board of Pakistan Stock Exchange (PSX) following the successful completion of Pakistan’s first-ever Special Purpose Acquisition Company (SPAC) transaction. PSX marked the listing with a Gong Ceremony, describing the transaction as a milestone for the country’s capital market and an alternative route for growth-oriented businesses to access public capital. NGLEL was originally identified as the target company of LSE SPAC-I Limited. The business combination was completed through a Scheme of Arrangement sanctioned by t...
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