Lotte Chemical Pakistan Limited (PSX: LOTCHEM) has received a formal Public Announcement of Offer from Arif Habib Limited, acting as Manager to the Offer, to acquire up to 189,173,552 ordinary shares, representing 12.49 percent of the company’s issued share capital.
The offer has been submitted on behalf of PTA Global Holding Limited (the Acquirer), with Liberty Daharki Power Limited and Daewoo Pakistan Express Bus Service Limited acting in concert (PAC), under the Securities Act, 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.
This follows the earlier Public Announcement of Intention published on February 17, 2025, which initially involved AsiaPak Investments Limited and Montage Oil DMCC, and a subsequent addendum on July 8, 2025, naming PTA Global Holding as the new acquirer.