{"id":31392,"date":"2023-12-04T11:49:03","date_gmt":"2023-12-04T11:49:03","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/pak-suzuki-decides-to-delist-from-pakistan-stock-exchange\/"},"modified":"2023-12-04T11:49:03","modified_gmt":"2023-12-04T11:49:03","slug":"pak-suzuki-decides-to-delist-from-pakistan-stock-exchange","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/pak-suzuki-decides-to-delist-from-pakistan-stock-exchange\/","title":{"rendered":"Pak Suzuki decides to delist from Pakistan Stock Exchange"},"content":{"rendered":"<div data-td-block-uid=\"tdi_86\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p><strong>Pak Suzuki Motor Company (PSMC) on Monday officially issued a statement and decided to delist its stock from the Pakistan Stock Exchange (PSX) market, ARY News reported on Monday.<\/strong><\/p>\n<p>According to the official notification, the company decided to buy back all the shares from the small stakeholders.<\/p>\n<p>In the statement, Pak Suzuki stated that 26.91 percent or a total of 22,145,760 shares of the company are in the stock market at the price of Rs 406 per share and appointed Arif Habib Limited its agent to buy the shares of the company.<\/p>\n<p>Pak Suzuki in its statement claimed that the company has been operating at a loss for the past three years.<\/p>\n<p>On October 19, <a href=\"https:\/\/arynews.tv\/pakistans-auto-industry-faces-shutdown-crisis\/\">Pak Suzuki announced a temporary shutdown<\/a> of its production plant due to an ongoing shortage of essential raw materials.<\/p>\n<p>According to details, Pak Suzuki Motor Company (PSMC) announced to shut down its production activities for a limited period.<\/p>\n<p>\u201cDue to the shortage of inventory levels, the management of the company has decided to shut down the automobile plant from October 25, 2023, to October 27, 2023. However, the motorcycle plant will continue its operations,\u201d said the PSMC, in a statement issued by its company secretary.<\/p>\n<p>\u201cThe current level of inventory and parts shortages within the company\u2019s supply chain has severely disrupted operations. As a result, the company is unable to continue production and, consequently, will halt its plant from October 24, 2023, to October 31, 2023,\u201d said the statement.<\/p>\n<\/div>\n<\/div>\n<p><script type=\"rocketlazyloadscript\">\n  window.fbAsyncInit = function() {\n    FB.init({\n      appId      : '161345524510473',\n      cookie     : true,\n      xfbml      : true,\n      version    : 'v3.0'\n    });\n    FB.AppEvents.logPageView();   \n  };\n  (function(d, s, id){\n     var js, fjs = d.getElementsByTagName(s)[0];\n     if (d.getElementById(id)) {return;}\n     js = d.createElement(s); js.id = id;\n     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n     fjs.parentNode.insertBefore(js, fjs);\n   }(document, 'script', 'facebook-jssdk'));\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pak Suzuki Motor Company (PSMC) on Monday officially issued a statement and decided to delist its stock from the Pakistan Stock Exchange (PSX) market, ARY News reported on Monday. According to the official notification, the company decided to buy back all the shares from the small stakeholders. In the statement, Pak Suzuki stated that 26.91 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":31393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/arynews.tv\/wp-content\/uploads\/2023\/12\/Suzuki.jpg","fifu_image_alt":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-31392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/31392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=31392"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/31392\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/31393"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=31392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=31392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=31392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}