Cnergyico PK to restructure its operations

October 3, 2023

Cnergyico PK Limited’s Board of Directors (PSX: CNYERGY) has granted initial approval to draft and propose terms for a potential corporate reorganization and restructuring of the company and its affiliated entities, as revealed in the company’s recent PSX filing. This reorganization aims to separate the company’s business units into distinct subsidiaries, facilitating new investments in these units and improving their focus and management. The BoD has authorized the preparation of necessary documents, which will be presented to them for final consideration and approval upon completion by management. To advance this process, the BoD has allowed the company to engage legal, financial, and other advisors and consultants as needed and take required steps and actions.