Air Link Communication submits its prospectus for proposed IPO

MG News | December 03, 2020 at 01:00 PM GMT+05:00

0:00

December 03, 2020 (MLN): Air Link Communication Limited (Air Link or the Issuer), a leading distributor of mobile phones such as Apple, Samsung, TCL, Techno and Huawei in Pakistan has applied to the Exchange for revalidation of PSX’s approval earlier granted on February 24, 2020 to the Draft Prospectus of the Issuer.

In this regard, JS Global Capital Limited, the consultant to the Issue /Lead Manager, has updated the contents of the Issuer’s Prospectus and has resubmitted the same to the PSX for its approval.

According to the notice issued to Exchange, Air Link shall be issuing 90 million ordinary shares (consisting new issue of 60 million ordinary shares and an offer for sale of 30 million ordinary shares) at a floor price of PKR 65 per share using the 100% Book building Method Details about the Issuer and the Issue can be reviewed through the attached Draft Prospectus of Air Link.

Moreover, the Draft Prospectus of the company is being placed on the PSX website for seeking public comments.

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