Lahore: LSE Capital Limited has announced the successful merger of its subsidiary, LSE SPAC-I Limited, with Ningbo Green Light Energy Limited (NGLE), marking a significant milestone in Pakistan's capital markets. This merger follows the Scheme of Arrangement approved by the Lahore High Court and results in the delisting of LSE SPAC-I Limited from the Pakistan Stock Exchange (PSX), with NGLE set to commence trading on October 29, 2026.

According to information available from the Pakistan Stock Exchange (PSX), the listing of NGLE on the PSX Main Board signifies a new chapter for the entity in the "Power Generation & Distribution" sector. The shares of NGLE have been declared eligible securities by the Central Depository Company of Pakistan Limited, ensuring all transactions are settled through the National Clearing Company of Pakistan Limited.

The transition from LSE SPAC-I Limited to NGLE involves a swap ratio where shareholders of LSE SPAC-I Limited receive 1.50 shares of NGLE for each share of LSE SPAC-I Limited. The opening price for NGLE will be set at PKR 21.06, matching the closing price of LSE SPAC-I Limited on its final trading day before suspension.

LSE Capital Limited, the parent company, expressed gratitude to its shareholders and stakeholders for their support in achieving this milestone. Trading in NGLE shares will begin on a T+1 settlement basis, with the first settlement date slated for October 30, 2026. The Share Registrar for NGLE is M/s Digital Custodian Company Limited, based in Karachi.