Air Link Communication Limited has announced that its wholly owned subsidiary, Select Technologies Limited, plans to raise capital through an initial public offering and seek listing on the Pakistan Stock Exchange (PSX).
In a disclosure to the PS, the company said the decision was approved by the board of directors, while the proposed IPO and listing will proceed subject to regulatory approvals and compliance with applicable laws.
The company also appointed Arif Habib Limited as the consultant to the issue and lead manager for the proposed offering.
The move signals Air Link’s plans to expand its technology business and unlock value through the public listing of its subsidiary
Air Link Communication Limited is a Pakistan-based technology company founded in 2010 and headquartered in Lahore. The company was incorporated as a private limited firm and later converted into a public limited company in April 2019 before listing on the Pakistan Stock Exchange.
The company is engaged in import, export, distribution, identification, wholesale, and retail of communication and IT-related products and services, including smartphones/ cellular phones, tablets, laptop accessories, and related products.
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