Tuesday, December 27, 2011

Update: Wazir Ali Industries Limited - Buy Back of Shares and subsequent Delisting

Subsequent to the previous post on the same.

The revised price for buy-back has been increased to PKR 14.50 per share, subject to purchase of at least 25,000 ordinary shares out of the total 1,367,196 ordinary shares outstanding with the shareholders other than sponsors, to quality for delisting.

Source: Pakistan Company News

Friday, December 16, 2011

Fauji Foundation to acquire AWT's shareholding in Askari Bank Limited

Karachi: The Army Welfare Trust is pleased to announce that it has approved the non-binding indicative offer made by the Fauji Foundation to purchase (alone or together with one or more of its affiliated entities) up to 100% of AWT’s shareholding in Askari Bank Limited (AKBL), subject to obtaining of all regulatory approvals under the applicable laws and regulations.
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