Karachi: Arif Habib Limited has announced the publication of a public offer to acquire a substantial number of shares from Lotte Chemical Pakistan Limited. The offer, which targets up to 189.17 million ordinary shares of the company, is structured under the Securities Act, 2015, and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

The announcement was made on July 10th, 2025, by Arif Habib Limited, acting as the Manager to the Offer on behalf of PTA Global Holding Limited, the Acquirer. The offer is made with the collaboration of Liberty Daharki Power Limited and Daewoo Pakistan Express Bus Service Limited, who are acting in concert with the Acquirer.

According to information available from the Pakistan Stock Exchange (PSX), the publication of the offer was completed in leading national newspapers, namely Business Recorder and Nawa-i-Waqt, on July 12th, 2025. This step aligns with Regulation 7(6) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017, ensuring wide dissemination of the offer to potential shareholders and stakeholders.

The intended acquisition signifies a significant move in the market, poised to impact the designated market category significantly. The offer aims to transfer a major portion of voting shares, thereby influencing the control dynamics of Lotte Chemical Pakistan Limited.