Karachi, United Distributors Pakistan Limited informed Pakistan Stock Exchange that the Company has received a notice “Form 1” of beneficial ownership to the Company U/S 101(1) of the Securities Act 2017 by Executive Officer and Substantial shareholder, M/S Genesis Holdings Limited, to acquire uo to 85.23% shareholding in M/S United Distributors Pakistan Limited from M/S International Brands Private Limited (“the Seller”).
United Distributors Pakistan Limited was incorporated in Pakistan as a public limited company. The foundations of the company are laid using the Companies Ordinance, 1984. The [principle business activities of the company include manufacturing, trading and distribution of pesticides, fertilizers and other allied products. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi.
The company has introduced several multinational business which are Dow Agro Sciences (USA), FMC Corporation (USA), Pioneer Seeds (USA), Nichimen (Japan) and currently DuPont (USA). The businesses of FMC United as well as Pioneer Seeds were developed almost exclusively by the company. The business of the company includes crop protection, seeds, micro nutrient and fertilizers and distribution services.
The symbol “UDPL” is being used by the stock exchanges for the shares of United Distributors Pakistan Limited.