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Engro Corporation ≠ Engro Holdings

[edit]

Veldsenk, I corrected this page edit because there is a clear difference between Engro Corporation and Engro Holdings. Engro Corporation was previously called Engro Chemicals Pakistan Limited, while Engro Holdings (which owns Engro Corporation) was formerly known as Dawood Hercules Corporation. They are two separate companies with different management and governance structures, so it is factually incorrect to say that Engro Holdings was formerly Engro Chemicals. Crosji (talk) 13:01, 9 January 2025 (UTC)[reply]

Marking @SheriffIsInTown in this discussion for a balanced and neutral perspective. Crosji (talk) 14:17, 9 January 2025 (UTC)[reply]
It's very confusing, so I think we should revert to the status quo and wait for the company's next quarterly report. I follow stocks closely, and I can see Engro Corporation has been delisted from PSX after merging with Dawood Hercules, and its legal name has been changed to Engro Holdings. From my understanding, Engro Corporation has been disestablished following the merger, as Engro Corp stockholders will receive Engro Holdings shares. Can you provide any reference articles regarding this? Veldsenk (talk) 19:23, 9 January 2025 (UTC)[reply]
@Crosji I have redirected it to Dawood Hercules - we don't need separate articles. If Engro Corporation is not defunct, then I will support the renaming of Dawood Hercules to Engro Holdings, but for that, we have to wait for the annual report, which is expected in April 2025. Veldsenk (talk) 19:34, 9 January 2025 (UTC)[reply]