Matco restructures with new subsidiary, rebrands Falak Foods

MG News | May 09, 2025 at 04:45 PM GMT+05:00

0:00

May 09, 2025 (MLN): Matco Foods Limited (PSX: MATCO) has incorporated Matco Corn Products (Private) Limited, a 99.99% owned subsidiary, the Company's filing on PSX revealed today.

Additionally, the company has renamed its existing 99.99%-owned subsidiary Matco Marketing (Private) Limited to Falak Foods (Private) Limited.

This move is part of Matco’s strategic plan to carve out its Corn Starch and Falak Foods divisions into wholly-owned subsidiaries.

The restructuring is expected to enhance focus on core market segments, unlock new investment opportunities, and attract strategic partnerships.

The company believes this step will contribute to long-term shareholder value creation by aligning each division with its market dynamics and enabling access to additional funding channels.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	169,497.36 357.30M	-0.69% -1174.68
ALLSHR	101,339.29 778.53M	-0.68% -695.60
KSE30	51,409.14 194.39M	-0.77% -400.47
KMI30	243,225.72 109.29M	-0.72% -1761.16
KMIALLSHR	65,648.72 362.70M	-0.72% -474.94
BKTi	47,799.18 146.86M	-0.77% -371.87
OGTi	35,183.30 7.35M	-1.46% -521.89

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,920.00	79,930.00 76,845.00	-1095.00 -1.40%
BRENT CRUDE	108.70	109.32 105.82	3.37 3.20%
RICHARDS BAY COAL MONTHLY	106.00	106.00 105.50	2.00 1.92%
ROTTERDAM COAL MONTHLY	104.35	104.35 102.00	0.55 0.53%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	96.57	97.50 94.59	2.17 2.30%
SUGAR #11 WORLD	13.98	14.30 13.95	-0.13 -0.92%