JS Global eyes majority stake in another brokerage.
KARACHI -- JS Global Capital Ltd, a securities broker, announced on Tuesday its intention to buy a majority shareholding and control in EFG Hermes Pakistan Ltd, another brokerage house listed on the Pakistan Stock Exchange.
JS Bank Ltd holds 92.9 per cent shares in the potential acquirer.
The regulatory filing offered few details about the expected price or the exact shareholding that the company is looking to buy in the target firm.
EFG-Hermes Frontiers Holdings LLC controls a 51pc stake in EFG Hermes Pakistan. Other shareholders...
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