Islamabad, June 03, 2016 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP) has sanctioned the scheme of amalgamation of Standard Chartered Leasing Limited (SCLL) with and into ORIX Leasing Pakistan Limited (OPL). The sanction was granted under section 282L of the Companies Ordinance, 1984.
Pursuant to the Commission’s order, the entire undertaking of SCLL shall be amalgamated with, transferred to, vested in and belong to OPL. SCLL shall be dissolved on the date on which all the shareholders of SCLL are paid the price consideration in full. The sanction order has been issued on May 27, 2016.
For more information, contact:
Shakil Ahmad Chaudhary
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +92-51-9214005 or +92-51-9214009 (Ext. 378)