Shareholding: Orient eyes big stake in Aisha Steel
Orient Group has expressed interest in buying a substantial stake in Aisha Steel Mills
Orient Group has expressed interest in buying a substantial stake in Aisha Steel Mills PHOTO: REUTERS
KARACHI:
Orient Group, the makers of refrigerators and fridges, has expressed interest in buying a substantial stake in Aisha Steel Mills, a relatively new mill that is part of Arif Habib Corporation.
According to a notice sent by Aisha Steel Mills to the Karachi Stock Exchange (KSE) on Friday, some of its sponsor shareholders may commence negotiations in relation to a share purchase agreement with Orient Metals Private Limited.
The company said it would keep its shareholders updated about any material information pertaining to the development.
Orient Group is a client of Meezan Bank. The bank in its Friday’s notice to the KSE said Orient intended to make a public announcement in relation to the potential acquisition of substantial shares in Aisha Steel Mills.
Published in The Express Tribune, January 3rd, 2015.
Orient Group, the makers of refrigerators and fridges, has expressed interest in buying a substantial stake in Aisha Steel Mills, a relatively new mill that is part of Arif Habib Corporation.
According to a notice sent by Aisha Steel Mills to the Karachi Stock Exchange (KSE) on Friday, some of its sponsor shareholders may commence negotiations in relation to a share purchase agreement with Orient Metals Private Limited.
The company said it would keep its shareholders updated about any material information pertaining to the development.
Orient Group is a client of Meezan Bank. The bank in its Friday’s notice to the KSE said Orient intended to make a public announcement in relation to the potential acquisition of substantial shares in Aisha Steel Mills.
Published in The Express Tribune, January 3rd, 2015.