Pak Suzuki to Review Progress of Delisting Proceedings

Staff Report

Amid the share price plunge, Suzuki Motors is set to hold a meeting to review the progress of the delisting proceedings.

Pak Suzuki Motor Company Limited (the Company) to hold a meeting on 19 January 2024 in Karachi.PSX asks Pak Suzuki to buy back shares at Rs 609

The company is to review the progress of delisting proceedings of the Company and take appropriate action

Pak Suzuki plans to delist and offers buy back at Rs 406 while the PSX committee on delisting asks the company to buy back at Rs 609

Following the offer, the share price on Tuesday plunged by Rs 58 and closed at a lower lock.

The price on Wednesday as well down by Rs 53.74 to Rs 662.77