Unity Foods Limited (KASE:UNITY) agreed to acquire 69% stake in Sunridge Foods (Private) Limited for approximately PKR 370 million on May 27, 2019. Unity Foods will purchase 36.65 million shares of Sunridge Foods. Unity Foods is financing the acquisition from its internally generated funds. The acquisition is to be completed by end of January 2020. Unity Foods Limited (KASE:UNITY) cancelled the acquisition of 69% stake in Sunridge Foods (Private) Limited on May 27, 2020.