10-04-2007, 02:46 AM
Kamran one more question, though I am not concerned, just my inquisitive nature.
Generally, when there is a merger of international firms, there associates in Pakistan also merge. We have seen quite some examples. Now this merger of SCI and Nexia should result in the merger of Riaz Ahmed and S. M. Masood. However, as per my information no such merger is very likely in Pakistan. Given the circumstances will both RACO and SMM will continue to be the members of this new merged firms (Nexia and SCI) or any of these have to quit membership. And if SMM is the firm which quits membership so it has to be categorized among smaller firms as already much of its clintele has been taken by the newly formed Hassan Naeem
Generally, when there is a merger of international firms, there associates in Pakistan also merge. We have seen quite some examples. Now this merger of SCI and Nexia should result in the merger of Riaz Ahmed and S. M. Masood. However, as per my information no such merger is very likely in Pakistan. Given the circumstances will both RACO and SMM will continue to be the members of this new merged firms (Nexia and SCI) or any of these have to quit membership. And if SMM is the firm which quits membership so it has to be categorized among smaller firms as already much of its clintele has been taken by the newly formed Hassan Naeem
