Master Wind Energy applies for listing on PSX

Master Wind Energy Limited, achieved commercial operations status on 14 October 2016 and was its first jump into the realm of renewable energy

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LAHORE: Master Wind Energy Group on Thursday has applied to get itself listed on the Pakistan Stock Exchange (PSX).

In a notification sent to the bourse, Master Wind Energy Group stated “It is hereby informed to all concerned that Master Wind Energy Limited has applied for Listing on the Exchange and has submitted the draft Prospectus for the offer of shares to the General Public/ Retail Investors.

The draft Prospectus of the Company is hereby placed on the Website of the Exchange under caption “Public Comments on Draft Prospectus of Master Wind Energy Limited” for seeking public comments as required under Section 3 (11) of the Public Offering Regulations, 2017 and the Regulation No. 5.2.2 (ac) of Listing of Companies and Securities Regulations of PSX.”

Master Wind Energy Limited, achieved commercial operations status on 14 October 2016 and was its first jump into the realm of renewable energy.

Master Group established in 1963, with a modern and realistic approach towards growth through innovative technology and quality manufacturing.

The group comprises: Master MoltyFoam, has been the most trusted name in bedding, furniture and healthcare industry providing products of unmatched quality with guaranteed customer satisfaction. Innovating from a technical collaboration with Bayer Germany. Master Celeste.

In 1997, Master introduced the American brand, Celeste that has today become the benchmark of luxurious sleep system in Pakistan.

Master Chemicals Ltd, which is active in PU chemicals business for more than 20 years, introduced Master Thermoshield, a product that could assist in saving substantial electricity and contribute towards a more energy efficient Pakistan.

MMCL is authorized assembler/ manufacturer in Pakistan for leading Commercial Vehicles from Japan & China including world-renowned Mitsubishi Fuso, Foton and Yuejin.

Procon Engineering established in 1998, Procon has proved its mettle as the leading car interior and other component manufacturers of Pakistan. Procon supplies high quality finished products and interiors to leading car, bus, motorcycle and truck manufacturers.

And with Master Wind Energy Limited, it intends to enhance its presence in the energy sector, with a second 100 MW wind project in Sindh.