Thursday, August 11, 2022
HomeEquityBestway Int’l Holdings acquires 51.6% stake in UBL as part of Bestway...

Bestway Int’l Holdings acquires 51.6% stake in UBL as part of Bestway Group’s internal reorganization

March 19, 2021 (MLN): Bestway International Holdings Limited (“BIHL”), on 19 March 2021, has acquired 631,728,895 shares comprising 51.6% shares of United Bank Limited (“Company”) as part of the Bestway Group's internal Re-Organization.

According to the notice issued to PSX, the Re-Organization has taken place after obtaining all regulatory approvals; both in Pakistan and the United Kingdom.

Furthermore, the Re-Organization has, in no way impacted the ultimate beneficial ownership of UBL, which will remain intact through BIHL.

Copyright Mettis Link News

Posted on: 2021-03-19T12:52:00+05:00

40286

RELATED ARTICLES
- Advertisment -

Most Popular