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	163,098.19 607.60M	-0.87% -1432.62
ALLSHR	99,276.25 1,397.26M	-0.80% -801.63
KSE30	50,184.56 221.88M	-0.89% -450.56
KMI30	238,333.52 129.55M	-1.13% -2718.46
KMIALLSHR	65,792.54 685.73M	-0.99% -655.65
BKTi	45,653.52 111.72M	-1.00% -461.31
OGTi	32,313.25 10.70M	-1.57% -516.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	114,520.00	123,270.00 113,150.00	-7100.00 -5.84%
BRENT CRUDE	62.09	65.36 62.00	-3.13 -4.80%
RICHARDS BAY COAL MONTHLY	81.00	81.00 81.00	-1.60 -1.94%
ROTTERDAM COAL MONTHLY	90.50	0.00 0.00	0.40 0.44%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	58.24	61.67 58.22	-3.27 -5.32%
SUGAR #11 WORLD	16.10	16.35 15.97	-0.16 -0.98%