Friday, February 24, 2012

IPO of Next Capital Limited through Book Building Process

Next Capital Limited is going an IPO. Lead Manager is Arif Habib, Book Runner Aba Ali Habib Securities (Private) Limited for issue of 10 millioin ordinary shares of face value of PKR 10 per share.

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Thursday, February 23, 2012

Consortium led by United Bank Limited acquires 17.6% stake in Khushhali Bank Limted for PKR 20.44 per share

MCB Bank Ltd (MCB) has announced it has accepted a bid from a consortium led by United Bank Ltd (UBL) for its 17.6% stake (30mn shares) in Khushhali Bank Ltd (KBL). The latter is the largest microfinance bank in Pakistan with geographical outreach extending to over 90 districts through 109 branches.

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Tuesday, February 21, 2012

Kraft Foods Pakistan offers PKR 650+ million to Clover Pakistan for acquisition of its Tang Business

We refer to our letter of 11 November 2011 regarding the non-binding offer received by Clover Pakistan Limited ("Clover Pakistan") from Kraft FoodsPakistan Limited ("Kraft Foods Pakistan") to purchase certain assets of Clover Pakistan relating to the manufacture, marketing and sale of Tang including the manufacturing facilities, together with the intangibles of the business and inventory.
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Thursday, February 16, 2012

IFC invests $5m equity in Matco Rice Processing, Pakistan's leading basmati rice exporter

International Finance Corporation (IFC), a member of the World Bank Group, is investing in Matco Rice Processing, Pakistan’s leading basmati rice exporter to help the company expand its production capacity and increase exports, supporting trade and spurring economic growth. IFC would make a $5 million equity investment in Matco, which the firm would use to boost production at its plant in the village of Sadhoke, Gujranwala.
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Wednesday, February 15, 2012

Regent Textile Industries Limited buy-back of shares and voluntary de-listing

All shareholders of Regent Textile Industries Ltd. are informed that Mr. Nizam Hashwani (24,251 shares in CDC) and Mr. Abdullah Hashwani, (83,965 Physical shares) Majority shareholders Of Regent Textile Industries Ltd. (the Company) have decided to purchase all 108,216 shares of the Company held by others. The shareholders of the Company have passed a special resolution for voluntary de-listing of the Company from Karachi Stock Exchange at the extra Ordinary general meeting held on Wednesday the 25th January, 2012 at 4.00 PM. A copy of Special Resolution is being sent to the members Separately.

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Monday, February 6, 2012

Expression of Interest for Transfer of Management of Bank of Khyber, Pakistan

The Bank of Khyber (BOK)’s recorded profit before tax of Rs 1.1 Billaon for 3rd quarter ended 30th September 201 shows an increase of 188% over the corresponding period of 30.9.2010 This was disclosed by OK Managing Director Bilal Mustafa during BOK 109th Board of Directors (BoD) meeting this afternoon at BOK Islamabad.

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