Pak Suzuki Motors has taken the final decision to withdraw from the stock exchange. The decision was approved in today’s board meeting of Pak Suzuki Motors.
Pak Suzuki will buy back its shares held by investors from the stock exchange. Pak Suzuki Motors has submitted a formal application for delisting to the stock exchange. The crisis situation of the auto industry and the financial problems of the auto companies became prominent.
Pak Suzuki, a Japanese car manufacturer in Pakistan, has announced to buy shares from the public and other stakeholders.
Through the purchase of shares, Suzuki Motor Corporation will acquire full ownership of Pak Suzuki Motor. After the purchase of shares, Pak Suzuki Motors will be delisted from the Pakistan Stock Exchange.