Suzuki Motor Corporation to obtain full ownership of Pak Suzuki
- Pak Suzuki Motor Company’s limited majority shareholder, Suzuki Motor Corporation, intends to obtain full ownership of the Company by purchasing all outstanding shares and securities held by other shareholders, in order to increase its ownership.
- This would have the consequence delisting of the PSMCL from the Pakistan Stock Exchange. Here are the reasons.
PSMCL has faced some challenging times and SMC is of the view that the minority shareholders should not suffer. Especially on account of the low price the shares had been trading at.
In view of the foregoing, the Sponsors and majority shareholder, Suzuki Motor Corporation, intends to obtain full ownership of Pak Suzuki by purchasing all outstanding shares and securities held by minority shareholders, as it will be beneficial for them to be offered a fair exit. Used Car Prices In Pakistan in 2023| A Complete Buying Guide
In the Suzuki Global strategy, Pakistan remains one of the most important markets and Suzuki is fully convinced of the future potential of Pakistan.
Pak Suzuki is the pioneer of the Automobile market in Pakistan and till now the market leader. Even after delisting from PSX SMC will continue investment in Pakistan and ensure that Pak Suzuki will continue to serve its customers at their best.
