Maple Leaf Cement Factory Limited Announces Intent to Acquire Agritech Limited

Lahore: Maple Leaf Cement Factory Limited has officially declared its intention to acquire shares and control of Agritech Limited, as revealed in public announcements published on July 29, 2024. The announcements appeared in prominent newspapers ‘Business Recorder’ and ‘Nawa-e-Waqt,’ aligning with the regulatory requirements under regulation 6(5) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

This strategic move by Maple Leaf Cement Factory Limited is part of its efforts to expand its holdings in the agricultural sector. According to information available from the Pakistan Stock Exchange (PSX), the publication follows the company’s formal notification of intent sent on July 25, 2024, indicating a significant step towards formalizing the takeover.

The disclosure in ‘Business Recorder’ and ‘Nawa-e-Waqt’ ensures transparency and regulatory compliance in the acquisition process, providing shareholders and stakeholders with essential information regarding the potential changes in control and share distribution within Agritech Limited.

For further details or inquiries, interested parties are encouraged to contact the representatives of Maple Leaf Cement Factory Limited as the acquisition process progresses.