Karachi February 2 2023: The Right Shares offered by Al Shaheer Corporation Limited (ASC) have been partially subscribed and the company has received an amount of Rs 430,431,210 till 31st January 2023, as per company filling to the exchange.
Company targets to raise an amount of Rs 749,847,070 against right issue of 74,984,707 shares.
Bankers of the issue informed that the shareholders of the company have subscribed 43,043,121 Right ordinary shares at Rs 10 per share against subscription money amounting to Rs 430,431,210 received by the company. While 31,941,586 remained unsubscribed creating shortfall of Rs 319,415,860 against the targeted amount.
Out of this amount the directors of the company has subscribed 19,595,260 shares of the company, earlier.
For Poultry & Processed Foods Business, the Company is planning to expand its processed food business into
HORECA and Institutional sales in addition to retail market. The Company has high expectation as it is entering
the market with premium quality product and services.
For Poultry & Processed Foods Business, the Company is planning to expand its processed food business into
HORECA and Institutional sales in addition to retail market. The Company has high expectation as it is entering
the market with premium quality product and services.
