AKD Securities to acquire 91% stake in Globe Textile Mills for OBS Pvt Ltd

News Image

By MG News | July 17, 2018 at 03:31 PM GMT+05:00

0:00

In a notification to the Pakistan Stock Exchange, AKD Securities Limited announced their intention to acquire 90.99% ordinary shares of Globe Textile Mills Limited, or about 14,891,829 shares on behalf of OBS Pakistan (private) Limited.

OBS Pakistan (private) Limited is a private company that intends to acquire the 90.99% stake in Globe Textile Mills Limited (Target Company), in affect taking control over the management as well.

OBS Pakistan (Private) Limited is in the business of providing services encompassing manufacturing, marketing and sales of pharmaceutical and consumer health products.

The ultimate controlling shareholders will be (1) Mr. Tariq Moinuddin Khan who is the CEO of the acquiring company, and (2) Mrs. Adeela Tariq Khan.

PSX Notification

Related News

Name Price/Vol %Chg/NChg
KSE100 132,737.17
99.32M
-0.50%
-666.03
ALLSHR 83,011.64
550.08M
-0.21%
-176.41
KSE30 40,402.23
35.52M
-0.61%
-249.23
KMI30 191,114.35
39.97M
-0.50%
-969.57
KMIALLSHR 55,720.63
281.24M
-0.23%
-127.07
BKTi 36,232.16
6.27M
-0.52%
-190.72
OGTi 28,278.03
7.31M
-0.56%
-159.57
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,210.00 109,545.00
108,625.00
-5.00
-0.00%
BRENT CRUDE 70.12 70.15
69.85
-0.03
-0.04%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.65 106.65
106.25
0.50
0.47%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.29 68.31
67.78
-0.04
-0.06%
SUGAR #11 WORLD 16.15 16.37
16.10
-0.13
-0.80%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg