Karachi: Intermarket Securities Limited, acting as the Manager to the Offer, has announced the publication of a Public Announcement of Offer concerning the acquisition of 21.39 million ordinary shares of Mandviwalla Mauser Plastic Industries Limited by Moskay & Femtee Trading Company Private Limited. This announcement marks a significant step in the substantial acquisition of voting shares and takeovers within Pakistan's market.

The Public Announcement was officially published on February 6, 2025, in two leading newspapers, Pakistan Observer (English) and Roznama Dunya (Urdu). This move complies with Regulation 7(6) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The acquisition bid highlights the strategic interest of Moskay & Femtee Trading Company Private Limited in strengthening its market position through this substantial acquisition.

According to information available from the Pakistan Stock Exchange (PSX), the offer represents a calculated effort by the acquirer, Moskay & Femtee Trading Company Private Limited, to expand its footprint in the manufacturing sector by targeting Mandviwalla Mauser Plastic Industries Limited, a key player in the industry. The acquisition involves 21,391,485 ordinary shares, reflecting a significant stake in the target company.

This development is pivotal in the context of the designated market category, as it underscores the growing trend of consolidation and competitive positioning within the sector. The involvement of Intermarket Securities Limited as the Manager to the Offer ensures the adherence to regulatory requirements, providing transparency and clarity to all stakeholders involved.

For further information or clarification regarding the acquisition process, interested parties are encouraged to contact the undersigned, as outlined in the official communication accompanying the newspaper publications.