June 18, 2019 (MLN): At a meeting of the Board of Directors of The Searle Company Limited, the management had brought to the attention of the Board of a potential opportunity to invest in / acquire OBS Pakistan (Private) Limited.
In light of the same, the Chairman permitted such matter to be discussed as other business. Consequence, the BoD authorized the Company to explore the feasibility / viability of potentially investing in / acquiring OBS Pakistan.
Furthermore, the Company has also been authorized to appoint advisors, valuators and consultants for evaluating the feasibility, including due diligence and valuation, finalizing the structure, along with preparing necessary documents for the consideration for the Board.
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