KARACHI: The maker of electronic home appliances Orient Group showed keen interest in substantial stakes in Aisha Steel Mills.
According to a notice sent by Aisha Steel Mills to the Karachi Stock Exchange (KSE), some of its sponsor shareholders may commence negotiations in relation to a share purchase agreement with Orient Metals Private Limited.
Aisha Steel Mills, a part of Arif Habib Corporation, is relatively a new mill.
The company said it would keep its shareholders updated about any material information pertaining to the development.
Orient Group is a client of Meezan Bank. The bank in its Friday’s notice to the KSE said Orient intended to make a public announcement in relation to the potential acquisition of substantial shares in Aisha Steel Mills.
