The newly-appointed four Chinese directors at the board of Pakistan Stock Exchange (PSX) will attend their first meeting of the PSX BoD on Friday (today). The Chinese consortium led by Shanghai Stock Exchange had acquired 40 percent strategic stake of the bourse and following this acquisition, the four Chinese directors had been appointed on the PSX Board.
The chairman of the Securities and Exchange Commission of Pakistan (SECP) will also attend this meeting where various issues related to the country's capital market would be discussed. It is expected that the matter of the listing of PSX on local bourse and offer of 20 percent remaining PSX shares to general public through initial public offering (IPO) would also be discussed. The IPO for 20 percent PSX shares is expected in June this year.
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