Masood Textile Mills Limited: Velora Global Ventures to Acquire 18.31% of MTM
Summary
Velora Global Ventures - F.Z.C. to acquire 18.31% of Masood Textile Mills Limited over three years, pending regulatory approvals.
Kind of disclosure: Partnership/JV
Read the original filingKey facts
- Velora Global Ventures to acquire shares
- 18.31% of MTM
- Shanghai Challenge Textile Co., Ltd. divesting shares
- 7.00% of MTM
- Zhejiang Xinao Industry Co. Ltd. divesting shares
- 11.31% of MTM
- Regulatory approvals required
- CCP clearance
- Phased acquisition over three years
- Completion by 2029
Masood Textile Mills Limited (MSOT) on Nafa
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More MSOT announcements
- NoticeCredit of Final Cash Dividend 06/30/2026
- NoticeTransmission of Quarterly Report for the Period Ended 09/30/2026
- Financial resultFinancial Results for the Quarter Ended 2026-09-30Masood Textile Mills reported a revenue of Rs 13.54 billion and a net profit of Rs 251 million for the first quarter ended 30 September 2026. The company showed a slight increase in revenue but a decrease in gross profit.
- NoticeCTC of the Resolutions adopted in the 42nd Annual General Meeting of the Company held on 27th October, 2026
- NoticeBoard Meeting
- NoticeTransmission of Annual Report for the Year Ended 06-30-2026
Source: Masood Textile Mills Limited's filing with the Pakistan Stock Exchange. The summary and figures on this page are extracted from the filing by software and can contain errors; the filing itself is the record. This page describes the filing. It is not investment advice and Nafa does not recommend any stock. Investing in securities involves risk, including possible loss of principal.