Wilmar Pakistan increases shareholding in UNITY by subscribing additional 170mn shares

MG News | February 11, 2022 at 04:52 PM GMT+05:00

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February 11, 2022 (MLN): Wilmar Pakistan Holdings Pte Limited (WPH) has subscribed an additional 170,442,333 shares of Unity Foods Limited, the company’s filing on bourse showed today.

Following this, the total direct and indirect shareholding of WPH in Unity Foods is 325,443,587 shares i.e., representing approximately 27.26% shares of the Company.

Before this subscription, WPH directly held 70,155,000 shares of Unity Foods and had an economic interest in 84,846,254 shares of the Company through its 52% shareholding in Unity Wilmar Agro (Pvt.) Limited which holds 163,165,877 shares of the Company, the notice said.

WPH is a subsidiary of Wilmar International Limited, a company listed on the Singapore Stock Exchange.

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