TPL Logistics extends binding offer for GEMUNSL's e-commerce domestic operations

By MG News | October 03, 2023 at 09:37 AM GMT+05:00

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October 03, 2023 (MLN): Universal Network Systems Limited (PSX: GEMUNSL) has received a binding offer from TPL Logistics (Private) Limited for the acquisition of its e-commerce domestic operations business, the company's filing on PSX showed today.

The Board of Directors on Monday authorized Mr Danish Elahi, Non-Executive Director, of the company, singly to take all the necessary steps, negotiate, and subsequently execute any Agreement(s) on behalf of the company for the purpose.

The consummation of the Proposed Transaction will be subject to the approval of the members of the company and procurement of all applicable regulatory and corporate approvals as may be required.

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