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Provider: Reuters Investment Profile
Provider: Wright Reports

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Summit Bank Ltd Updates Details of Issuance of Preference Right Shares

Sunday, 18 Nov 2012 07:00pm EST 

Summit Bank Ltd announced that it has revised the terms for its listed, convertible, redeemable, perpetual, non-cumulative preference right shares which was issued on the basis of one share for every five shares held at par value of PKR 10 per share. The total issue amount is PKR 2,155,959,160 and the tenor is five years.