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Wilmar International announces $8.49 mil investment in Unity Foods

Lim Hui Jie
Lim Hui Jie • 2 min read
Wilmar International announces $8.49 mil investment in Unity Foods
Wilmar International has announced that it has acquired a total of some 103.3 million ordinary shares in Unity Foods, totalling PKR 1.03 billion ($8.49 million) on Thursday.
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Wilmar International, on Thursday (July 23, 2020), announced that it has acquired a total of some 103.3 million ordinary shares in Unity Foods from Muhammad Farrukh, Safdar Sajjad, and Fehmida Amin, totalling PKR 1.03 billion ($8.49 million).

Unity Wilmar Agro is a 52% owned subsidiary of Wilmar Pakistan Holdings, which is in turn, a direct wholly-owned subsidiary of Wilmar International.

Fehmida Amin is the mother of Muhammad Farrukh, who is the CEO and a director of UWA. Farrukh and Sajjad each hold a 25% shareholding interest in Unity Enterprises (Private) Limited, which in turn holds the balance 48% shareholding interest in UWA.

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