Clover Pakistan share sale halted by Court order

By MG News | May 12, 2025 at 03:36 PM GMT+05:00

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May 12, 2025 (MLN): Clover Pakistan Limited's (PSX: CLOV) parent company, Fossil Energy (Pvt) Limited, has disclosed that the Honorable Sindh High Court has issued a stay order restraining the sale of shares of Clover Pakistan Limited, which were pledged with Sindh Bank Limited.

The aforementioned information was disseminated through a notification to Exchange.

CLOV was incorporated in Pakistan on September 30, 1986 as a Public Listed Company under the repealed companies ordinance, 1984 (now Companies Act 2017).

The principal business of the Company includes sale of food products, consumer durables, chemicals and lubricants and also import & trade of gantry equipment's air/oil filter and other car care products.

The Company is also involved in marketing & distribution and after sales support of office automation products, fuel dispensers, vending machines and digital screens.

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