大多数 owners of 沖合いの／海外の 持つ／拘留するing 捜し出す direct 火刑／賭ける in Pakistan's K-Electric
By Ariba Shahid
KARACHI, Pakistan, July 11 (Reuters) - The 大多数 株主s of an 沖合いの／海外の 持つ／拘留するing company that owns most of Pakistani 力／強力にする company K-Electric said on Wednesday they have 始めるd 合法的な 訴訟／進行s to 捜し出す direct 所有権 of a 火刑／賭ける in the 公共事業（料金）／有用性.
The 力／強力にする 公共事業（料金）／有用性's 持つ／拘留するing structure has 広範囲にわたって been considered an 妨害 to its 取得／買収 by 中国's 明言する／公表する-owned Shanghai Electric, a 取引，協定 that has ぐずぐず残るd for years 予定 to regulatory and 合法的な 障害物s in Pakistan.
組織／基盤／下部構造 and Growth 資本／首都 基金 SPV21 (IGCF), which has a 53.8% shareholding in Cayman Island-登録（する）d KES 力／強力にする 限られた／立憲的な (KESP), which in turn owns 66.4% of K-Electric, told Reuters it had とじ込み／提出するd for a Just & Equitable Winding Up of KESP in the Grand 法廷，裁判所 of Cayman Islands on Tuesday.
"By this 活動／戦闘 SPV 21 簡単に 捜し出すs to own its 株 in KE 直接／まっすぐに instead of through a 持つ／拘留するing company in the form of KESP which has unfortunately 生き延びるd its 初めの 目的 予定 to the continued 消極的な 活動／戦闘s of KESP´s 少数，小数派 株主s," IGCF said in a 声明 to Reuters.
Sadia Dada, 長，指導者 Marketing and Communications Officer at K-Electric, said the 公共事業（料金）／有用性 was "neither privy to the contents of the 嘆願（書） nor in a position to comment".
The remaining 株主s of KES 力／強力にする 限られた／立憲的な, Saudi-and Kuwait-based companies Al-Jomiah 力／強力にする 限られた／立憲的な and Denham 投資, did not 答える／応じる to a Reuters request for comment.
K-Electric is the only electricity 発生させる人（物）, transmitter, and distributor for Karachi, Pakistan's largest city, and its 隣接するing areas, and the only 名簿（に載せる）／表（にあげる）d electricity 供給者 in Pakistan. It was privatised in 2005, with a 現在の market capitalization of 53 billion rupees ($195.03 mill イオン).
IGFC was 以前 owned by the now 消滅した／死んだ Abraaj Group, and changed 手渡すs in 2022 when AsiaPak 投資s, a 私的な 投資 会社／堅い with 操作の 資産s in Pakistan and Hong Kong, acquired it.
In October 2022, a high 法廷，裁判所 in Pakistan's Sindh 州, of which Karachi is the 資本／首都, 問題／発行するd a stay order 妨げるing any change in the 現在の board of directors because of a 訴訟 とじ込み／提出するd by 少数，小数派 株主s in KESP. There are three 空いている slots on the board of directors.
If KESP is 解散させるd, it may also support the ability of the acquirer to 任命する directors through a direct shareholding in K-Electric, which would 供給する more clarity to the Shanghai Electric 取引，協定.
Shanghai Electric has been in 会談 to acquire a 火刑／賭ける in KE for more than half a １０年間, 延期するd 予定 to regulatory 是認 and liquidity 強制s as a consequence of 開始するing circular 負債 疫病／悩ますing the country's 力／強力にする 部門. The 政府 of Pakistan owns a 24.4% 火刑／賭ける in K-Electric.
In June, Shanghai Electric 繰り返し言うd its かかわり合い to the 取引，協定, which was 価値（がある） だいたい $1.77 billion in 2016 but may change.
"We are not repudiating the Shanghai 契約 or ーするつもりであるing to do so by winding up KESP," Darin Baur, a director of IGCF and one of the 初期の 指名された人s for the 空いている position on the KE board told Reuters. ($1 = 271.7500 Pakistani rupees) (報告（する）／憶測ing by Ariba Shahid in Karachi Editing by Peter Graff)
