Unity Foods: Going extra mile

MG News | June 06, 2022 at 03:25 PM GMT+05:00

0:00

June 06, 2022 (MLN): To expand its business, Unity Foods Limited’s wholly-owned subsidiary, Sunridge Foods (Private) Limited is all set to enter into the confectionery business as the company has decided to make an offer to purchase 100% shareholding of Uni-Food Industries Limited.

The proposed acquisition shall be subject to compliance with all statutory and legal requirements, the notice to bourse said today.

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.

Uni-Foods owns a bakery and confectionery brand by the name "Good Goodies Cakes". This proposed acquisition will help facilitate Sunridge to enter the value-added product segment for sale in both local and international markets.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	155,928.14 281.64M	0.35% 543.63
ALLSHR	95,532.04 864.71M	0.42% 398.47
KSE30	47,641.79 127.97M	0.37% 174.80
KMI30	228,968.32 98.93M	0.58% 1323.10
KMIALLSHR	64,248.66 426.23M	0.56% 360.60
BKTi	41,976.25 73.66M	0.51% 214.47
OGTi	31,789.05 6.79M	0.54% 169.92

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,220.00	117,240.00 114,940.00	-2045.00 -1.74%
BRENT CRUDE	67.14	67.52 66.78	0.15 0.22%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-1.20 -1.41%
ROTTERDAM COAL MONTHLY	93.00	0.00 0.00	0.05 0.05%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	62.90	63.24 62.52	0.21 0.34%
SUGAR #11 WORLD	15.90	15.98 15.80	0.11 0.70%