Karachi March 7 2022: Considering the result of the due diligence for the acquisition of Saudi Pak Leasing Company, the Icon Global Private Limited has that it is not viable to proceed with the intended acquisition, as per company filling to the exchange.
Icon Global Private Limited therefore hereby withdraws its intention to acquire 15,835,403 (unencumbered and fully paid) ordinary shares (35.06 percent of total voting ordinary shares) and 33,320,850 (unencumbered and fully paid) preference shares (63.08 percent the total non-voting, non-cumulative, convertible, unlisted, non-redeemable preference shares) shares of the Saudi Pak Leasing Company.
Source:
PSX
