Mitchells Fruits clarifies regarding publication on media website

News Image

MG News | January 08, 2020 at 10:25 AM GMT+05:00

0:00

January 8, 2020 (MLN): Mitchells Fruits Farms Limited (MFFL) via notification to Pakistan Stock Exchange has clarified regarding the recent article published on a media website.

In line with previous notification where the board considered the key recommendation from management to negotiate and finalize terms of documentation with the preferred bidder, subject to the approval of the board of directors dated November 19, 2019.

The board explained that the process of negotiating and finalizing with the preferred bidder, binding terms for the acquisition of more than 30% shares of the Company. At this stage, no binding terms have been entered into or finalized with the preferred bidder.

The company shall make necessary disclosures, once binding terms have been entered into with the preferred bidder.

It is pertinent to mention that the bidding process and firm intentions received from Waves Singer Pakistan and Bioexyte Foods.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 138,597.36
256.32M
-0.05%
-68.14
ALLSHR 85,286.16
608.38M
-0.48%
-413.35
KSE30 42,340.81
77.13M
-0.03%
-12.33
KMI30 193,554.51
76.19M
-0.83%
-1627.52
KMIALLSHR 55,946.05
305.11M
-0.79%
-443.10
BKTi 38,197.97
16.53M
-0.59%
-225.01
OGTi 27,457.35
6.73M
-0.94%
-260.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,670.00 121,165.00
117,035.00
-1620.00
-1.36%
BRENT CRUDE 69.23 70.77
69.14
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.03 67.54
65.93
-0.20
-0.30%
SUGAR #11 WORLD 16.79 17.02
16.71
0.05
0.30%

Chart of the Day


Latest News
July 18, 2025 at 07:21 PM GMT+05:00

Pakistan strengthens UK trade links


July 18, 2025 at 05:36 PM GMT+05:00

Pakistan, China set to advance agricultural innovation


July 18, 2025 at 05:10 PM GMT+05:00

PSX Closing Bell: Riding High, Ending Low



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg