PTA Global Holding Limited’s public offer to acquire a 12.49% stake in Lotte Chemical Pakistan Limited received 56.43 million shares, falling short of the targeted 189.17 million shares, according to an announcement by Arif Habib Limited (AHL) on Monday.
AHL, the manager of the offer, confirmed the development in its notice to the Pakistan Stock Exchange (PSX), stating that the acceptance period for the public offer ended on September 4, 2025.
“During this period, a total of 56,432,224 shares were tendered, which is below the public offer threshold of 189,173,552 shares,” the notice said. As a result, all shareholders who tendered their shares will be deemed successful, subject to the completion of necessary documentation.
Earlier, on July 11, PTA Global, along with Liberty Daharki Power Limited and Daewoo Pakistan Express Bus Service Limited, had announced a public offer to acquire up to 189.17 million shares of Lotte Chemical Pakistan at an offer price of Rs22.37 per share.
