AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: In compliance with the Pakistan Stock Exchange (PSX) Rule 5.6.4, Unity Foods Limited has witnessed a significant acquisition of shares by substantial shareholders through a public offer managed by Arif Habib Limited.
On June 28, 2024, Wilmar Pakistan Holdings Pte. Ltd., Unity Wilmar Agro (Private) Limited, and Mr. Muhammad Farrukh acquired a substantial number of shares in Unity Foods Limited. According to information available from the Pakistan Stock Exchange (PSX), these transactions were part of a public offer that was initially announced on April 17, 2024, and subsequently amended on April 25, 2024.
Wilmar Pakistan Holdings Pte. Ltd. acquired 156.52 million shares, Unity Wilmar Agro (Private) Limited purchased 1.98 million shares, and Mr. Muhammad Farrukh, also serving as a director and CEO, bought 37.64 million shares. Each share was bought at a price of PKR 27.34 and registered in electronic form.
This disclosure follows the regulatory requirements set by the PSX, ensuring transparency in transactions involving major shareholders and their involvement in Unity Foods Limited.