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SECP detects discrepancies in SE’s IPO prospectus
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) is initiating regulatory action over material discrepancies in the IPO prospectus of SE Fruits and Vegetable Limited, which was based on information provided in the company’s audited financial statements. SECP suspended further proceedings subsequent to the book building process to protect the investors. The company subsequently voluntarily withdrew the IPO with the intention to resubmit at a later stage with enhance disclosures. The subscription money has been refunded to investors. Any company seeking to raise funds through...
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