Shandong Ruyi Technology intends to acquire 52% shares of Masood Textile


Karachi: AKD Securities Limited has informed Karachi Stock Exchange that they intend to acquire 52% ordinary shares of Masood Textile Mills Limited on behalf of Shandong Ruyi Technology Group Company Limited.

AKD Securities Limited has been appointed as manager to the offer for this potential acquisition.

Public announcement of intention to acquire will be published on December 10, 2013 in newspapers.

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