MRNS to sell entire shareholding in Uni Food Industries to Sunridge Foods

MG News | June 07, 2022 at 03:47 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 07, 2022 (MLN): The Board of Directors of Mehran Sugar Mills Limited (MRNS) has approved the divestment of entire shareholding in one of its associated companies, namely Uni-Food Industries Limited to a prospective buyer Sunridge Foods Private Limited, a wholly subsidiary of Unity Foods.

It is subject to approval from the shareholders in the Extraordinary General Meeting (EoGM) scheduled on Wednesday, June 29, 2022.

While it is further subject to compliance with all statutory and legal requirements.

Yesterday, Sunridge Foods informed PSX that it decided to make an offer to purchase 100% shareholding of Uni-Food Industries Limited.

Uni-Foods Industries Limited was established in Pakistan as a public limited company in September 2016. The company's main activity is to manufacture, sell, and distribute food products.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,884.59 165.82M	1.09% 1841.39
ALLSHR	103,297.23 574.85M	1.03% 1052.60
KSE30	50,883.00 85.37M	1.16% 585.22
KMI30	243,139.25 70.59M	1.05% 2522.69
KMIALLSHR	66,979.22 287.59M	0.99% 655.18
BKTi	47,642.11 15.25M	1.66% 776.54
OGTi	35,136.50 9.94M	0.68% 237.09

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,440.00	81,990.00 80,410.00	-890.00 -1.09%
BRENT CRUDE	103.37	105.00 101.92	-1.45 -1.38%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	5.00 4.00%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	-0.15 -0.11%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	95.47	98.01 94.83	-1.76 -1.81%
SUGAR #11 WORLD	18.28	18.51 18.21	-0.04 -0.22%