Warid Telecom International to buy-back all shares of Wateen Telecom at a premium of 17.8%

In a stunningly candid letter to investors, Wateen Telecom’s majority shareholder Warid Telecom International (WTI) admitted that the company does not offer value to its minority shareholders, does not have the capacity to repay its debts, and is thus offering to buy out the rest of the company for Rs4.50 per share.

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.

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

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

Wazir Ali Industries Limited’s material information

Karachi: In accordance with Listing Regulation No30-A of the Listing Regulations of the Karachi Stock Exchange (Guarantee) Limited, we are pleased to convey the following information:

 

The Board of’ Directors in its meeting held on October 28, 2011 have unanimously resolved as under: