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Wilmar subsidiary increases stake in Pakistan-listed Unity Foods Limited

Felicia Tan
Felicia Tan9/24/2020 05:59 PM GMT+08  • 2 min read
Wilmar subsidiary increases stake in Pakistan-listed Unity Foods Limited
The Wilmar Group now has a 23.47% stake in Unity Foods.
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Unity Wilmar Agro (UWA), an indirect 52%-owned subsidiary of Wilmar International, has increased its total shareholding in the Unity Foods to 163.2 million ordinary shares from 59.9 million ordinary shares.

Unity Foods is a company listed on the Pakistan Stock Exchange.

Wilmar Pakistan Holdings, a directly wholly-owned subsidiary of Wilmar, has subscribed for some 70.2 million ordinary shares in Unity Foods for a total of PKR 701.6 million ($5.7 million) in cash.

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