Searle Company's BoD greenlights full divestment of Searle Pakistan

MG News | May 15, 2024 at 02:00 PM GMT+05:00

0:00

May 15, 2024 (MLN): The Board of Directors (BoD) of The Searle Company Limited PSX: SEARL) has in principle approved the disposal of 100% shareholding/control of Searle Pakistan Limited previously named OBS Pakistan Limited.

Furthermore, the BoD has authorized the management to negotiate and finalize the deal terms with the relevant parties and submit the finalized terms for the consideration of the Board.

In May 2019, SEARL announced that it was acquiring OBS Pakistan Limited.

The company is principally engaged in manufacturing pharmaceuticals and other consumer products. International Brands (Private) Limited is the Parent Company, which holds 56.32% shareholding in the company.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,163.81 363.99M	-0.70% -1140.32
ALLSHR	98,789.32 1,004.87M	-0.60% -591.65
KSE30	49,418.59 142.52M	-0.85% -423.92
KMI30	235,592.79 87.24M	-1.05% -2511.37
KMIALLSHR	64,955.16 475.31M	-0.97% -635.78
BKTi	45,437.77 69.21M	-0.59% -267.52
OGTi	32,150.13 9.02M	-1.60% -521.10

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	114,490.00	114,535.00 114,225.00	-580.00 -0.50%
BRENT CRUDE	65.75	66.64 65.06	-0.19 -0.29%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.00 -1.23%
ROTTERDAM COAL MONTHLY	92.50	92.50 92.50	0.35 0.38%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	61.48	61.50 61.45	0.17 0.28%
SUGAR #11 WORLD	14.47	15.04 14.34	-0.50 -3.34%