UNITY to acquire 69% stake of Sunridge Foods

News Image

By MG News | May 27, 2019 at 12:38 PM GMT+05:00

0:00

May 27, 2019 (MLN): Unity Foods (UNITY) Limited has decided to proceed with the acquisition of 69% shares of Sunridge Foods, in order to expand and diversify its operations.

In an official announcement to the Pakistan Stock Exchange (PSX), UNITY has divulged that it will invest Rs.366.5 million in 36.65 million shares of Sunridge Foods valued at Rs.10 per share, which collectively constitutes 69% of the company’s paid up capital.

The notification further disclosed that Sunridge Foods has deployed the latest Swiss technology ‘PESA Mill’ that gives a consistent high quality 100% whole wheat flour. “This is, to-date, the only PESA Mill in Pakistan producing PSQCA certified 100% whole wheat flour,” read the notice.

Sunridge Foods is capable of producing 36,000 metric tons of wheat flour a year.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 130,963.47
48.70M
0.21%
276.81
ALLSHR 81,532.31
259.99M
0.28%
227.06
KSE30 40,040.88
24.79M
0.24%
95.43
KMI30 191,039.19
28.47M
0.18%
341.14
KMIALLSHR 55,114.73
126.36M
0.07%
40.57
BKTi 34,818.51
3.82M
0.72%
250.11
OGTi 28,581.20
2.33M
-0.55%
-158.15
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,775.00 110,525.00
109,600.00
-640.00
-0.58%
BRENT CRUDE 68.59 68.89
68.42
-0.21
-0.31%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.89 67.18
66.72
-0.11
-0.16%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 04, 2025 at 11:07 AM GMT+05:00

Saudi Riyal available at PKR 76.4 in open market


July 04, 2025 at 10:45 AM GMT+05:00

Pakistan charts AI roadmap for key development sectors


July 04, 2025 at 09:49 AM GMT+05:00

Lucky Cement achieves historic export milestone


July 04, 2025 at 09:40 AM GMT+05:00

NBP issues foreign exchange rates



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg