LSE Capital Limited announced on Friday that the Securities and Exchange Commission of Pakistan (SECP) had cancelled its license to operate as a Modaraba Management Company.
The listed company disclosed in a notice to the Pakistan Stock Exchange (PSX) today.
The notice said that the SECP had accepted LSE’s request “for voluntary de-registration and has de-registered its Modaraba Management Company License with immediate effect under the provisions of the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980”.
LSE Capital is licensed as a modaraba management company. Besides carrying the license to act as a consultant on the issue for IPOs and corporate finance advisory services.
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