ZIL Limited sees major stake transfer to TWF Holding

News Image

By MG News | May 15, 2025 at 10:40 AM GMT+05:00

0:00

May 15, 2025 (MLN): ZIL Limited (PSX: ZIL) has reported that TWF HOLDING L.L.C-FZ, wholly owned by Dr. Salomon Jacobus Van Rooijen, has acquired 5.19 million voting shares equivalent to 84.8416% of the company’s total issued voting shares at a price of PKR 297.50 per share.

The acquisition was completed on May 12, 2025, through a Share Purchase Agreement between TWF HOLDING L.L.C-FZ and NEW FUTURE CONSUMER INTERNATIONAL GENERAL TRADING L.L.C, which is also 100% owned by Dr. Salomon Jacobus Van Rooijen.

Prior to this transaction, TWF HOLDING L.L.C-FZ held no shares in ZIL Limited. Following the acquisition, its total shareholding now stands at 5.19m shares, the notification issued to the local bourse.

This transaction falls under the reporting requirements only, as it does not trigger Part IX of the Act, in accordance with Section 109(1)(h)(iii) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 124,379.07
220.31M
1.91%
2332.60
ALLSHR 77,679.82
768.94M
1.80%
1376.61
KSE30 37,915.73
105.69M
1.92%
713.35
KMI30 184,872.78
113.74M
1.90%
3446.47
KMIALLSHR 53,473.19
418.85M
1.75%
921.24
BKTi 31,363.74
21.26M
1.66%
510.82
OGTi 27,886.19
21.80M
1.53%
419.75
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,740.00 108,580.00
107,050.00
-535.00
-0.49%
BRENT CRUDE 67.31 68.42
67.20
-0.42
-0.62%
RICHARDS BAY COAL MONTHLY 88.00 0.00
0.00
-2.90
-3.19%
ROTTERDAM COAL MONTHLY 103.90 0.00
0.00
0.20
0.19%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.07 66.09
64.80
-0.17
-0.26%
SUGAR #11 WORLD 16.69 16.80
16.39
0.27
1.64%

Chart of the Day


Latest News
June 27, 2025 at 10:55 PM GMT+05:00

Savills steers Marina View deal for HBL AMC


June 27, 2025 at 06:04 PM GMT+05:00

Govt pledges reforms for State-Owned Enterprises


June 27, 2025 at 05:44 PM GMT+05:00

Gold price in Pakistan falls Rs5,000 per tola



Top 5 things to watch in this week

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