ZIL Limited receives public offer from New Future Consumer International
March 16, 2023
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March 16, 2023 (MLN): Alpha Beta Core Solutions (Private) Limited, on behalf of New Future Consumer International General Trading LLC has made a public announcement of an offer to acquire 19.32% ordinary shares from shareholders of ZIL Limited. The offer was received by ZIL Limited and has been made public for the benefit of the shareholders.
As per the offer, the acquirer intends to acquire the said percentage of ordinary shares of ZIL Limited.
The Pakistan Stock Exchange (PSX) has been requested to immediately make this information available to the shareholders of the Target Company by placing it on the notice board and through a notification on the automated information system.
This offer is subject to the fulfillment of certain conditions and regulations, and shareholders are advised to carefully review the offer document and consult their advisors before making any decision.
The shareholders who have already entered into a share purchase agreement with the acquirer are excluded from this offer.
This development is expected to have a significant impact on the market and the shareholders of ZIL Limited.
Further updates on this matter will be provided as they become available.