Inner Mongolia Yili Industrial Group Co. Limited intends to acquire 51 percent of Fauji Foods' voting shares

By MG News | July 31, 2018 at 10:35 AM GMT+05:00

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In a public announcement made earlier today, July 31^st 2018, Citibank notified PSX that it has been appointed as Manager to the Public Offer by Inner Mongolia Yili Industrial Group Co. Limited (the Acquirer), to acquire up to 51% of voting shares of Fauji Foods Limited.

The Acquirer intends to acquire up to 51% through Agreements and up to 12.8% shares through Public Offer.

It is further expected that a Public Announcement of Intention will be published on August 2^nd 2018.

PSX notification.

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