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    PKGS   PK0010001011

PACKAGES LIMITED

(PKGS)
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Packages Limited expressed an intention to acquire 19.33% stake in Tri-Pack Films Limited from Mitsubishi Corporation for PKR 1.2 billion.

02/12/2021 EST

Packages Limited (KASE:PKGS) expressed an intention to acquire 19.33% stake in Tri-Pack Films Limited (KASE:TRIPF) from Mitsubishi Corporation (TSE:8058) for PKR 1.2 billion on February 12, 2021. As per the agreement between the parties, Packages has first right of refusal to purchase the entire shareholding of Mitsubishi. On May 17, 2021, Packages has finalized the price of acquisition at PKR 154.62 per share. The transaction is subject to the condition that the purchase price falls within the range acceptable to the Board and subject to fulfillment of all applicable legal conditions and corporate and regulatory approvals. On July 9, 2021, the Board of Packages approved the transaction.


ę S&P Capital IQ 2021
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Financials
Sales 2020 64 981 M 370 M 370 M
Net income 2020 4 518 M 25,7 M 25,7 M
Net Debt 2020 28 232 M 161 M 161 M
P/E ratio 2020 12,6x
Yield 2020 3,77%
Capitalization 43 528 M 247 M 248 M
EV / Sales 2019 1,09x
EV / Sales 2020 1,26x
Nbr of Employees -
Free-Float -
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Managers and Directors
Syed Hyder Ali Chief Executive Officer, MD & Executive Director
Khurram Raza Bakhtayari Chief Financial Officer
Towfiq Habib Chinoy Chairman
Afzal Muhammad Head-Group Information Technology
Sajjad Iftikhar Chief Investment Officer
Sector and Competitors
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