Haroon Ahmad Khan (Acquirer) made an offer to acquire 16.4% stake in Samin Textiles Limited (KASE:SMTM) for PKR 6.1 million on January 27, 2021. Acquirer will acquire 4.4 million shares at PKR 1.3934 per share. In related transaction, the acquirer acquired 67.1% stake in SMTM. The Acquirer intends to restructure the SMTM post acquisition and adopt new business plan which shall be financed by way of equity injection, strategic partnership, JV alliance, debt raising etc. SMTM will continue being listed post acquisition. Acquirer has made adequate arrangements for fulfillment of his obligations under the public Offer to the satisfaction of the Manager to the Offer through a Bank Guarantee amounting to PKR 6.4 million. All statutory approvals the public offer has been obtained. The Offer will remain open for acceptance from March 18, 2021 to March 24, 2021. lntegrated Equities Limited acted as manager to Offer for the acquirer.