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