Karachi October 21 2021: Dost Steel Limited has been informed by the Sponsors that the Letter of Intent sent by CSIL is an unsolicited proposal on its own account, hence the same is not acknowledged by the Sponsors of the Company.
Accordingly, the Sponsors conclude on a reasonable ground that it is the CSIL's actions which has led to the unusual movement of the Company's share price or traded volume.
A L S O || R E A D
Cement Sector To Support KSE100 As Coal Crashes From Its Peak: PSX - AUGAF
On 18 October 2021 Crescent Star Insurance Limited (CSIL) intimated to Pakistan Stock Exchange Limited (PSX), enclosing therein Letter of Intent (LoI) dated 15 October 2021 sent by CSIL to Mr. Jamal Iftikhar & Family (the Sponsors), to acquire their 78,858,534 ordinary shares of the Company.
Related Posts
