Universal Network System to acquire majority stake in Pakistan’s ecommerce logistic company

MG News | June 06, 2022 at 11:08 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 6, 2022 (MLN): Universal Network Systems Limited (PSX: GEMUNSL) has entered into a nonbinding agreement for the acquisition of a majority stake in an eCommerce logistics & fulfillment company in Pakistan.

The company has commenced due diligence and will communicate the name of the target company subject to a binding agreement post successful due diligence of the target company.

Universal Network Systems Limited or Blue Ex is a company involved in core logistics, e-commerce logistics, warehousing, and relevant e-commerce & logistics operations.

It is the first company in the e-commerce logistics sector to be listed on the PSX GEM board.

The GEM board is a listing platform created to facilitate growth enterprises, whether small, medium, or greenfield businesses, for their capital raising needs.

At present, the scrip of the company is being traded at Rs50.62, down by 0.18% DoD.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	182,241.78 412.98M	0.54% 982.10
ALLSHR	110,583.67 943.78M	0.59% 653.91
KSE30	54,431.71 88.75M	0.62% 333.09
KMI30	256,914.21 109.86M	0.51% 1306.68
KMIALLSHR	71,041.31 586.34M	0.56% 392.65
BKTi	51,712.76 42.20M	1.08% 554.64
OGTi	36,659.58 6.31M	0.32% 116.76

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,150.00	64,680.00 63,655.00	65.00 0.10%
BRENT CRUDE	78.89	79.13 77.72	2.88 3.79%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.15 -1.08%
ROTTERDAM COAL MONTHLY	118.00	0.00 0.00	0.65 0.55%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	74.28	74.50 73.18	2.87 4.02%
SUGAR #11 WORLD	14.86	0.00 0.00	-0.02 -0.13%