Ningbo Green Light Energy to begin trading on PSX from Oct 29

Ningbo Green Light Energy is scheduled to start trading on the Pakistan Stock Exchange Main Board on October 29, Business Recorder reported. The listing follows a Lahore High Court-approved merger arrangement with LSE SPAC-I, under which each SPAC-I share was exchanged for 1.50 shares in Ningbo Green Light Energy. The market lot is one share with a face value of Rs10.

The PSX notice sets Rs21.06, the last pre-suspension closing price of SPAC-I, as the reference opening price for the new shares. Trading will use T+1 settlement, with the first settlement due on October 30; the shares have been cleared for settlement through the National Clearing Company of Pakistan. The company provides solar-energy systems and EPC services in Pakistan, sourcing key equipment from international manufacturers.