AsiaPak Investment Company Limited and Montage Oil DMCC expressed its intention to obtain at least 75.01 % of Lotte Chemical Pakistan Limited shares, indicating a significant investment in the chemical industry in the country, according to a report on the Pakistani Stock Exchange (PSX) on Thursday.
Arif Habib Limited (AHL) is the show manager.
AHL said in his notice sent to PSX: “On behalf of the acquisition (Squirer (S), we are pleased to submit a public announcement of the intention of obtaining at least 75.01 % of Lotte Chemical Pakistan Limited,” AHL said in his notice sent to PSX.
This advertisement follows the requirements specified under the 2015 Securities Law, and listed companies (the large acquisition of shares and seizures of voting will be published), 2017. The general disclosure of the intention will be published in both English and Urdu newspapers on February 17, 2025.
AsiaPak Investments Limited is an Holding Investment Company. Through various subsidiary companies, through acquisitions, control over Daewoo Pakistan Express Bus Service Limited and Liberty Power Limited. The original developer has also been a contributor to the minority in the Thr Coal Block 1, a CPEC project.
Montage Oil DMCC is a company that relies on the United Arab Emirates that manages complex supply chains of both petrochemical manufacturers and consumers by simplifying the market access to a variety of products and services. It combines a global network with distinguished local implementation.
It runs liquid storage facilities in Sharjah, Karachi, Lahore, Hochi Minah, and Chingdo. It also occupies the dry 2 storaages in Vietnam and the United Arab Emirates.
