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Orient Group eyes big stake in Aisha Steel Mills

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Orient Group, the makers of refrigerators and fridges, has expressed interest in buying a substantial stake in Aisha Steel Mills, a relatively new mill that is part of Arif Habib Corporation.

According to a notice sent by Aisha Steel Mills to the Karachi Stock Exchange (KSE), some of its sponsor shareholders may commence negotiations in relation to a share purchase agreement with Orient Metals Private Limited.

The company said it would keep its shareholders updated about any material information pertaining to the development.

Orient Group is a client of Meezan Bank. The bank in its Friday’s notice to the KSE said Orient intended to make a public announcement in relation to the potential acquisition of substantial shares in Aisha Steel Mills.

Source – Tribune PK

Zhejiang Yaang Pipe Industry Co., Limited

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