Electronics Marketing Company (Private) Limited agreed to acquire retail business from Singer Pakistan Limited (KASE:SING) on November 27, 2017. Under the terms, Electronics Marketing Company will issue 24.8 million shares to the Singer Pakistan Limited. The transaction is subject to approval of shareholders of Singer Pakistan Limited, High Court of Sindh, creditors and regulatory approval. The transaction was approved by the board of directors of Singer Pakistan Limited as on November 27, 2017. Electronics Marketing Company (Private) Limited cancelled the acquisition of retail business from Singer Pakistan Limited (KASE:SING) on November 27, 2018.