{
  "id": 16921938,
  "title": "Ningbo Green Light Energy to begin trading on PSX from Oct 29",
  "url": "https://urgent.news/2026/10/28/ningbo-green-light-energy-to-begin-trading-on-psx-from-oct-29",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-28T16:13:25.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40446334/ningbo-green-light-energy-to-begin-trading-on-psx-from-oct-29"
  },
  "original_language": "en",
  "account": "The Pakistan Stock Exchange (PSX) announced on Wednesday that shares of Ningbo Green Light Energy Limited (NGLEL) will begin trading on its Main Board from October 29. In a notice, the PSX disclosed that the market lot will be 1 share at Rs10 each. The PSX expressed its pleasure at the listing of NGLEL, effective from October 29, 2026. The merger/amalgamation of LSE SPAC-I Limited (SPAC1) with Ningbo Green Light Energy Limited (NGLEL) was sanctioned by the Lahore High Court on September 30, 2026. Under the swap ratio, shareholders of SPAC1 received 1.50 shares of NGLEL for each share of SPAC1. Trading in NGLEL shares will commence on the PSX Main Board from October 29 and will be settled on T+1 basis. The first settlement date is set for October 30, 2026. The company's shares have been declared an eligible security by the Central Depository Company of Pakistan Limited (CDC), with transactions settled through the National Clearing Company of Pakistan Limited (NCCPL). NCCPL assigned \"NGLEL\" as the company code/security symbol for the company. NGLEL operates in Pakistan's distributed solar market as a solar-energy solutions provider and engineering, procurement, and construction (EPC) contractor. Their core business involves system integration and project execution, sourcing photovoltaic modules, inverters, and battery-storage systems from international manufacturers. They also procure mounting structures and other balance-of-system components locally.",
  "summary": "The Pakistan Stock Exchange (PSX) on Wednesday announced that shares of Ningbo Green Light Energy Limited would begin trading on its Main Board from Thursday, October 29. In a notice, the PSX shared that the market lot of the company will be 1 share of Rs10/each. “Pakistan Stock Exchange Limited is pleased to notify the listing of Ningbo Green Light Energy Limited (“NGLEL” or “the Company”) with…",
  "key_points": [
    "Ningbo Green Light Energy shares to trade on PSX from Oct 29",
    "PSX discloses market lot of 1 share at Rs10 each",
    "SPAC1 merger sanctioned by Lahore High Court on Sep 30"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}