Karachi, Arif Habib Limited is pleased to announce a fresh Public Announcement of Intention by Shanghai Electric Power Company Limited to acquire up to 18,335,542,678 ordinary shares of K-Electric Limited, representing 66.40% of the total issued share capital of the Target Company. The proposed transaction is subject to the necessary regulatory and other approvals.
The potential acquisition signifies Shanghai Electric Power Company's interest in expanding its presence in the energy sector and signals a significant development in the corporate landscape of K-Electric Limited. The intended acquisition will be closely monitored by shareholders and regulatory bodies to assess its potential impact on the market and the energy industry.