PSX to suspend LSE SPAC-I trading from Oct 20 ahead of merger with Ningbo Green Light Energy

The Pakistan Stock Exchange will stop trading in LSE SPAC-I shares from October 20, 2026, to process the merger with Ningbo Green Light Energy (NGLE), Profit by Pakistan Today reported. Under the court-approved arrangement, investors in LSE SPAC-I are entitled to 1.5 NGLE shares for each share they hold. The Lahore High Court approved the merger on September 30, and the share transfer books are scheduled to close from October 21 to October 22.

NGLE is expected to become the surviving company, while LSE SPAC-I will be dissolved and later removed from the exchange after the required steps are completed. NGLE’s proposed PSX listing is set for October 26, subject to corporate actions and regulatory approvals. The merger allocates 39,000,003 NGLE shares to LSE SPAC-I shareholders; NGLE reported FY2026 revenue of Rs1.58 billion and profit after tax of Rs144.02 million.