Categories: Economy

MWMP receives acquisition intent to acquire 74.41% shares

In a notification sent to PSX on 2/06/2024, MANDVIWALLA MAUSER PLASTIC INDUSTRIES LIMITED (MWMP) announces the targeted 74.41% share acquisition by MESKAY & FEMTEE.

It is hereby informed that MANDVIWALLA MAUSER PLASTIC INDUSTRIES LIMITED) has received firm intention from MESKAY & FEMTEE TRADING COMPANY (PRIVATE) LIMITED to acquire control or 21,391,485 voting shares (74.41%age of paid-up capital) of the MANDVIWALLA MAUSER PLASTIC INDUSTRIES LIMITED, beyond the thresholds prescribed under section 111 of the Act. This intention has been notified to the board of directors of the MANDVIWALLA MAUSER PLASTIC INDUSTRIES LIMITED on 12 June 2024; The securities exchange is requested to make the above information immediately available to the shareholders of Target Company under regulation 5(1), by placing it on the notice board and through notification on the automated information system and make an announcement on the house of the exchange.

MWMP shares were last trading at Rs 8.39 today.

Aamir Hayat

Recent Posts

AGP Healthcare for a Better Tomorrow

AGP Limited (AGP) monthly market structure is showing strong bullish trend. Even this stock broke…

1 week ago

Why dividends cause share price drop if they’re paid from earnings?

When a dividend is paid, the share price drops by approximately the same amount because…

3 weeks ago

MUGHAL right shares – 3 things to know before subscribing

On November 5, 2024, Mughal Iron & Steel Industries Limited (MUGHAL) announced a unique rights…

4 weeks ago

How to analyze pharmaceutical sector

How to analyze pharma sector companies in PSX. Pakistan's pharma sector is considered a complicated…

1 month ago

Shifa International (SHFA) has returned 150% in two months, will the rally continue?

Shifa International (SHFA) has already rallied 150%, but there is still more upside to the…

2 months ago

How is HMB handling financial challenges to grow?

Habib Metropolitan Bank Limited (HMB) recently released its second-quarter results for 2024, revealing a mixed…

3 months ago