BlueEx to Move From GEM Board to Main Board at PSX

Blue-Ex Limited (PSX: GEMBLUEX) will migrate from the GEM Board to the main board of the Pakistan Stock Exchange. The Board of Directors of the company in its meeting last week approved the migration of the company from the GEM Board of PSX to its Main Board subject to compliance and regulatory approvals of SECP and PSX as per the requirements of the Companies Act, 2017, and all other applicable laws. The board also authorized the company for acquisition of the domestic e-commerce business last mile logistics business and intangible assets of a target company subject to due diligence and final agreement. The Principal activities of the company are to act as a cargo forwarder and provide domestic and international courier and allied services.