Pak Suzuki chooses to remove itself from the Pakistan Stock Exchange

Pak Suzuki Motor Company (PSMC) has formally declared its intention to remove its stock from the Pakistan Stock Exchange (PSX) market.

The company aims to repurchase all shares from small stakeholders, offering 26.91% or 22,145,760 shares at the rate of Rs 406 per share.

Arif Habib Limited has been designated as the agent for facilitating this share buyback. Pak Suzuki cited three consecutive years of operating at a loss as the rationale behind this decision.

In a related development, the company recently announced a temporary halt in its production plant due to a scarcity of essential raw materials.

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