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Packages Limited approves redemption of 2mn IFC preference shares
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Packages Limited approves redemption of 2mn IFC preference shares
Packages Limited (PKGS), Pakistan’s largest paper and board producer, said on Wednesday that it had approved the redemption of 2,000,000 preference shares/convertible stock held by the International Finance Corporation (IFC), based in Washington D.C., as requested by IFC. The listed company disclosed development in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. A redemption notice is a notification informing investors that an issuer…
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