Karachi: Arif Habib Limited, acting as Manager to the Offer, has issued a fresh public announcement of intention to acquire 68.89 percent of the ordinary shares of Engro Powergen Qadirpur Limited. This move follows the withdrawal of a previous announcement made on November 22, 2024, by Liberty Power Holding (Private) Limited, Soorty Enterprises (Private) Limited, and Procon Engineering (Private) Limited.

The new public announcement is scheduled for publication in one English and one Urdu language daily newspaper on December 05, 2024. This development marks a significant step in the acquisition process, indicating renewed interest and strategic intent on the part of the involved parties.

According to information available from the Pakistan Stock Exchange (PSX), the acquisition aims to transfer a substantial portion of Engro Powergen Qadirpur Limited's shares, which could potentially impact the company's operational dynamics and shareholder structure.

For further information or clarification regarding the public announcement, interested parties are encouraged to contact the undersigned at Arif Habib Limited. The acquisition details and subsequent developments will be closely monitored by industry stakeholders and investors.