External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul>
<li>In a notice on the exchange today, ENGRO and DAWH informed that their boards, at their May 03, 2024 meeting, approved a reorganization plan involving both companies.</li>
<li>Under the scheme of arrangement of restructuring DAWH will be demerged into two legal entities.</li>
<li>First entity will include assets and liabilities of DAWH (Other than ENGRO) and will be listed separately on the stock exchange in due course. For illustration purposes this entity is being referred to as 'DH NewCo'. This entity will be held by current shareholders of DAWH.</li>
</ul>
<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>


In a notice on the exchange today, ENGRO and DAWH informed that their boards, at their May 03, 2024 meeting, approved a reorganization plan involving both companies.
Under the scheme of arrangement of restructuring DAWH will be demerged into two legal entities.
First entity will include assets and liabilities of DAWH (Other than ENGRO) and will be listed separately on the stock exchange in due course. For illustration purposes this entity is being referred to as 'DH NewCo'. This entity will be held by current shareholders of DAWH.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Equity - Flash Note; Engro Corp (ENGRO) and Dawood Hercules (DAWH) Restructuring

Dawood Hercules Corp

Pakistan Equity - Flash Note; Engro Corp (ENGRO) and Dawood Hercules (DAWH) Restructuring