Fauji Foundation withdraws acquisition proposal for Agha Steel
By Our Correspondent
November 14, 2024
KARACHI: Fauji Foundation has officially withdrawn its public announcement regarding its intention to acquire Agha Steel Industries Limited (AGHA).
AGHA notified the Pakistan Stock Exchange (PSX) on Wednesday that they had received a formal notice of withdrawal from the potential acquirer. “The company has received notice of the withdrawal of the public announcement of intention from Fauji Foundation, citing inconclusive negotiations with the company, in accordance with Regulation 21(1)(b) of the regulations and relevant provisions of the act,” the statement read.
-
Tiger Woods, Girlfriend Vanessa Trump Relationship In Trouble: 'Kids Come First' -
Kanye West Hit With Wild Warnings By Mystery Man As Video Explodes On April Fool's Day -
Katie Price's New Decision About Lee Andrews Sparks Family Concern -
Perplexity AI Accused Of Exposing Sensitive User Data -
King Charles, Andrew's Secret Agreement Comes To Light -
King Charles Signals Harsh Action If Andrew Delays Marsh Farm Move -
Artemis II Mission Poised For A Historic Moment With Victor Glover -
Zayn Malik Reveals Why He Collaborated With Blackpink's Jisoo For 'eyes Closed' -
NASA Artemis II Moon Mission Set For Liftoff Today: Here’s What To Know -
Prince Harry Breaks Silence After King Charles Confirmed US Visit: 'Brave Leadership' -
Zayn Malik Shares How His Daughter Really Feels About His Music -
Megan Thee Stallion's Latest Hospitalization Echoes 2020 Shooting Trauma -
Artemis II Mission: King Charles Sends Letter To Astronaut Jeremy Hansen -
Anthropic Claude AI Source Code Leak: ‘Human Error’ Sparks Security Concerns -
Princess Beatrice’s New Move Has Andrew On Edge -
Why Did Luke Combs Think His Career Was Over When He Met Blake Shelton?