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Engro, Dawood Hercules Corporation okay restructuring plan

The Newspaper's Staff Reporter Published May 7, 2024
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KARACHI: The boards of Dawood Hercules Corporation Ltd (DH Corp) and Engro Corporation Ltd (Engro Corp) have, in principle, approved a proposal to restructure the shareholding between the two companies, aiming to enhance investment opportunities of the enterprise.

The restructuring proposal is subject to final board and shareholder approvals. A notice in this context has been issued to the PSX on Monday.

The proposed restructuring would enhance investment opportunities by harmonising the investment efforts of both companies.

Published in Dawn, May 7th, 2024

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