Universal Network Systems acquires 110,000 shares of Universal Freight Systems

MG News | April 04, 2023 at 11:36 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 04, 2023 (MLN): The shareholders of Universal Network Systems Limited (GEMUNSL) have resolved to acquire 110,000 ordinary shares of Universal Freight Systems (Private) Limited (UFS), having a face value of Rs100 each, the company's filing on PSX showed today.

This constitutes 100% of the issued and paid-up share capital of UFS, from the shareholders of UFS, for consideration of Rs12.43 million at Rs113.04 per share.

This acquisition is a strategic move by the company as it will enable them to expand its services in the freight and logistics sector.

UFS has a strong reputation in the industry and a proven track record of delivering quality services to its clients.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	178,212.93 196.74M	-0.03% -49.40
ALLSHR	107,837.70 399.08M	0.00% 0.26
KSE30	53,345.41 45.86M	-0.00% -2.26
KMI30	252,148.04 64.66M	0.25% 637.67
KMIALLSHR	69,277.17 260.03M	0.15% 103.31
BKTi	50,824.29 9.14M	-0.47% -240.43
OGTi	35,311.08 2.61M	0.18% 62.66

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,420.00	64,810.00 63,035.00	-1545.00 -2.38%
BRENT CRUDE	87.54	88.06 86.40	-0.82 -0.93%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	120.00	120.00 120.00	-0.25 -0.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	81.97	82.24 80.60	-0.64 -0.77%
SUGAR #11 WORLD	14.56	14.75 14.54	-0.21 -1.42%