Pak Suzuki Motor Company (PSMC) has officially announced its decision to delist its stock from the Pakistan Stock Exchange (PSX) market.
The company plans to buy back all shares from small stakeholders, with 26.91% or 22,145,760 shares available at the price of Rs 406 per share.
Arif Habib Limited has been appointed as the agent for this share buyback. Pak Suzuki stated that it has been operating at a loss for the past three years.
Additionally, the company recently announced a temporary shutdown of its production plant due to a shortage of essential raw materials.