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

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

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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.

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