AKD submits the proposed PAO to acquire 1. 77% share capital of Baba Farid Sugar Mills

MG News | March 27, 2019 at 03:45 PM GMT+05:00

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March 27, 2019 (MLN): AKD Securities Limited has submitted the proposed Public Announcement of Offer to Acquire up to 167,272 ordinary shares of Baba Farid Sugar Mills Limited, constituting approximately 1. 77% of the issued share capital of the Target Company.

This transaction is being executed with regards to the Public Announcement of Intention (PAl) to acquire 98.23% (9,282,728 ordinary shares) of the total issued ordinary share capital of Baba Farid Sugar Mills Limited (Target Company) by Naubahar Bottling Company (Private) Limited, Mr. Muhammad Shamim Khan, Mrs. Qaiser Shamim Khan, Mr. Adnan Ahmed Khan And Mr. Nauman Ahmed Khan (Acquirers).

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