⚡ Flash Summary
PTA Global Holding Limited has completed the acquisition of a majority stake in Lotte Chemical Pakistan Limited, acquiring approximately 78.74% of the total issued and paid-up share capital. This acquisition was executed through the purchase of shares from Lotte Chemical Corporation, South Korea, and a Mandatory Public Offer to the remaining shareholders. Consequently, the Board of Directors has been reconstituted, with several directors resigning and new directors being appointed. Mr. Imtiaz Ahmed has been appointed as Chairman, and Mr. Adnan Afridi as Chief Executive of the Company, effective November 12, 2025.
📌 Key Takeaways
- ✅ PTA Global Holding Limited now holds approximately 78.74% of Lotte Chemical Pakistan’s shares.
- 🤝 Lotte Chemical Corporation, South Korea has divested its entire shareholding.
- 📅 The changes are effective from November 12, 2025.
- 👤 Mr. Jo Hyun Kwoun has resigned as Chairman.
- 👤 Mr. Young Dae Kim has resigned as Chief Executive.
- 👤 Mr. Imtiaz Ahmed is the new Chairman.
- 👤 Mr. Adnan Afridi is the new Chief Executive.
- 💼 Several directors have resigned from the Board.
- 💼 New directors have been appointed to fill the vacancies.
- 🏢 The Audit, HR and Remuneration, and Share Sub Committees have been reconstituted.
- 📜 The acquisition was completed under the Securities Act, 2015 and takeover regulations.
- 💰 PTA Global acquired 1,135,860,105 shares initially representing 75.01%.
- 💰 Further 56,432,224 shares were acquired representing approximately 3.73%.
🎯 Investment Thesis
HOLD. Given the significant change in ownership and management, it is prudent to maintain a hold position until the new strategic direction and financial performance under PTA Global Holding becomes clearer. The lack of immediate financial impact data necessitates a wait-and-see approach. Without quantitative data and future guidance, it’s too early to make any buy/sell changes at this time.
Disclaimer: AI-generated analysis. Not financial advice.