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    Shandong Wishes To Issue A Takeover Offer To Formulate The Largest Shareholder Of Pakistan Textile Enterprises

    2013/12/9 16:09:00 80

    PakistanKarachi Stock ExchangeShandong Ruyi Technology GroupMasood Textile Mill Co.Ltd.Textile Factory AssociationPakistan GovernmentNatural Gas Reduction Plan

    < p style= "text-align: center" > < img border= "0" align= "center" alt= "" src= "" /uploadimages/201312/09/20131209042305_sj.JPG "/" < > > "
    < p > December 9th, Pakistan's < a href= "http://sjfzxm.com/news/index_s.asp" > Karachi securities exchange < /a > announced on Thursday that a href= "http://sjfzxm.com/news/index_s.asp" > Shandong Ruyi science and Technology Group < /a > issued a takeover offer to Pakistan listing textile company a href= "/a" > Masood textile mill Ltd., and planned to acquire 31 million 200 thousand shares of the latter, that is, 52% shares. Recently, in Pakistan, the Pakistan government cancelled the "a href=" http://sjfzxm.com/news/index_s.asp "natural gas reduction plan" of the textile factory, which will lead to the closure of many textile factories. Now let's know the details with Xiaobian. < /p >
    < p > the announcement of the exchange does not specifically disclose the price of the "a href=" http://sjfzxm.com/news/index_s.asp "acquisition" /a ". But the company's share price has risen more than 5% in six consecutive trading days since November 27th, rising from 48 rupees to 48 rupees. After the dividend in December 2nd, the company's share price continued to rise from 55.49 rupees / shares to 70.80 rupees / shares on Friday, about 7 yuan / share. < /p >
    < p > Shandong Ruyi Technology Group is an innovative a href= "http://sjfzxm.com/news/index_s.asp" > textile enterprise < /a >, which owns 20 wholly owned and holding subsidiaries including A share listed company Shandong Ruyi. < /p >
    < p > < strong > related links < /strong > < /p >
    < p > < strong > < a > href= > http://sjfzxm.com/news/index_s.asp > > Pakistan government < /a > cancellation of natural gas reduction plan for textile factories < /strong > /p >
    < p > the Ministry of petroleum and natural resources of Pakistan has cancelled its plan for the supply of natural gas to textile factories in Punjab Province in winter. This is because the Pakistan Textile Mills Association (a href= "http://sjfzxm.com/news/index_s.asp" > APTMA /a) decided to reduce the demand for natural gas in winter. < /p >
    < p > the Pakistan Textile Mills Association cut the demand for natural gas supply from 450 million cubic feet per day to 100 million cubic feet per day. This sharp cut pushed the Ministry of petroleum and natural resources to withdraw the full suspension of the Punjab textile factory < a href= "http:// sjfzxm.com/news/index_s.asp" > natural gas supply < /a >. < /p >
    The decision was made after the meeting of the leaders of the Pakistan textile mill association with the Federal Minister of oil and natural resources and the chief minister of Punjab province. P < /p >
    P, the leader of the "Pakistan a href=" http://sjfzxm.com/news/index_s.asp "textile factory Association" /a, the leader of the Punjab branch of the Pakistan textile mill Association, has led a delegation of 20 people to strive for the continuous supply of natural gas in the winter season, so that the textile industry of Punjab can produce textile products for export. < /p >
    Last month, the textile industry in Pakistan aroused great concern over the government's three month natural gas supply reduction plan in the winter. They said that this would lead to the closure of many "a href=" http://sjfzxm.com/news/index_s.asp "textile factories < /a >. < /p >
    < p > nearly 80% of Pakistan's textile industry is located in Punjab Province, employing about 15000000 people. The supply of natural gas to textile factories in Punjab has been sharply reduced, from 302 days in 2008 to 114 days in 2013. < /p >
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