Ghani Chemical Industries (Private) Limited agreed to acquire G3 Technologies Limited (KASE:GTECH) on April 14, 2022. As per the transaction, Ghani Chemical Industries (Private) Limited will issue 74.9 million shares as purchase consideration. Board of directors of G3 has decided to appoint merger consultant and to file a petition at the Honorable Lahore High Court, Lahore for sanctioning the Scheme of Merger after completion of all related formalities.

Further Board of Directors has decided to hold Extraordinary General Meeting (EOGM) of the G3 Technologies on May 07, 2022 for approval of disinvestment of 22,000,000 ordinary shares of Ghani Chemical Industries Limited (GCIL).