Arif Habib issues addendum on Lotte acquisition

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MG News | July 07, 2025 at 02:35 PM GMT+05:00

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July 07, 2025 (MLN): Arif Habib Limited (PSX: AHL) has issued an addendum regarding the acquisition of up to 1.13 billion ordinary shares (75.01%) of Lotte Chemical Pakistan Limited, originally disclosed on February 17, 2025, in its capacity as the Manager to the Offer.

The addendum notifies a change in the capital ownership structure of the acquirers, the company's filing on PSX revealed today.

A new foreign entity, PTA Global Holding Limited, will now act as the sole acquirer in place of AsiaPak Investments Limited and Montage Oil DMCC.

Liberty Daharki Power Limited and Daewoo Pakistan Express Bus Service Limited will act in concert with the new acquirer.

In accordance with the Securities Act 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017, the addendum will be published in Business Recorder and Nawa-i-Waqt newspapers on July 08, 2025.

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