Ningbo Green Light Energy to begin trading on PSX from Oct 29
Mettis Global • • 1 min read
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Ningbo Green Light Energy Limited is due to start trading on the Pakistan Stock Exchange Main Board on October 29, 2026, at Rs21.06 per share, Mettis Global reported. The company will use the code NGLEL, and the first settlement is scheduled for October 30 on a T+1 basis.
The listing follows the court-approved merger of LSE SPAC-I Limited into Ningbo Green Light Energy. Under the arrangement, each SPAC-I share was exchanged for 1.50 shares in the new listed company, while the opening value matches SPAC-I’s final closing price before its trading suspension. The market lot is one share, and transactions will be settled through NCCPL, with the security declared eligible by CDC.
Normal circuit breakers will apply in the Ready Market. The company is classified in the Power Generation & Distribution sector, making the commencement of trading relevant to investors tracking new PSX listings and the power sector.
At a glance
- NGLEL trading is scheduled to begin on October 29 at Rs21.06 per share.
- SPAC-I shareholders received 1.50 NGLEL shares for each share held.
- The first settlement date is October 30 on a T+1 basis.
Originally reported by Mettis Global
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