Wilmar Pakistan Holdings Pte. Ltd. (“WPH”, a wholly owned direct subsidiary of Wilmar International Limited), Unity Wilmar Agro (Private) Limited (“UWA”, a 52% subsidiary of WPH) and certain shareholders of Unity Foods Limited (“UFL”) have, through Arif Habib Limited (in its capacity as the manager to the public offer), made a public announcement to the Pakistan Stock Exchange Limited of their intention to acquire up to 277,070,908 shares of UFL in the public offer, at the price that complies with the pricing formula and other applicable Pakistan laws and regulations including the Securities Act 2015 and Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations 2017 (“PAI”).
Wilmar International Limited (“WIL”), an esteemed Fortune 500 company, reaffirms its commitment to Pakistan’s economy through its investment in Unity Foods Limited (UFL), demonstrating confidence in the resilience and potential of Pakistan’s economic landscape. This collaboration not only strengthens bilateral business ties but also underscores Unity Foods Limited’s pivotal role in attracting foreign investment, fostering economic growth, and facilitating development in Pakistan.
Wilmar International Limited is the ultimate acquirer or the ultimate controlling shareholder of Wilmar Pakistan Holdings Pte. Ltd. WIL also ultimately controls Unity Wilmar Agro (Private) Limited (”UWA”), with an effective shareholding interest of 52% in UWA.
With this intended increase in shareholding, Wilmar Pakistan Holdings Pte. Ltd. and its partners look forward to contributing significantly to the growth and prosperity of Unity Foods Limited and the broader Pakistani economy.
