Wilmar Pakistan Holdings first announced its intention to acquire up to 277.1 million shares of Unity Foods in a public offer on March 19.
Wilmar International, through its subsidiaries, Wilmar Pakistan Holdings and Unity Wilmar Agro, has increased its stake in Pakistan-listed Unity Foods to 42.17%.
Wilmar Pakistan Holdings is a wholly-owned subsidiary of Wilmar International (SGX:F34
) while Unity Wilmar Agro is 52% owned by Wilmar Pakistan Holdings. Unity Foods does the manufacturing and processing of edible oils, industrial fats, flour and various feed ingredients for Pakistan’s poultry and livestock sectors.
