⚡ Flash Summary

Rafhan Maize Products Company Limited has announced that Nishat Hotels and Properties Limited, through Next Capital, has extended the date for making a Public Announcement of Offer by 90 days, now up to February 10, 2026. This extension is pursuant to Regulation 7(1) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The announcement was made on November 11, 2025. This extension potentially impacts the timeline for the acquisition of voting shares.

📌 Key Takeaways

• 🗓️ Announcement Date: November 11, 2025
• 🏢 Company: Rafhan Maize Products Company Limited
• 🤝 Acquirer: Nishat Hotels and Properties Limited
• 💼 Advisor: Next Capital is acting on behalf of Nishat Hotels
• ⏳ Extension Period: Public Announcement of Offer extended by 90 days
• 📅 New Deadline: Extended until February 10, 2026
• 📜 Regulation: Pursuant to Regulation 7(1)
• 📚 Governing Regulations: Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017
• 🗳️ Target: Substantial acquisition of voting shares
• ℹ️ Impact: Modifies timeline for potential takeover

🎯 Investment Thesis

Given the limited information in this announcement, a HOLD recommendation is appropriate. Investors should monitor further developments regarding the potential acquisition by Nishat Hotels and Properties. More concrete financial implications need to be assessed before making a definitive buy or sell decision. A price target cannot be set without detailed financial analysis and clarity on the deal’s terms.