19 EoIs received for HMC sell-off

07 May, 2006

The Privatisation Commission (PC) has received 19 Expressions of Interest (EoIs) from prospective investors (Mechanical Engineering and /or Industrial Companies and groups consortium of investors who can demonstrate their ability to own, efficiently manage and operate the Company) for acquisition of minimum 90 percent shares of the Heavy Mechanical Complex (HMC) together with management control on "as is where is basis."
THE PARTIES SUBMITTING EOI FOR HMC INCLUDE:
(i) ABM International.
(ii) Aqeel Karim Dhedhi Securities.
(iii) BULK Management (Pakistan) Pvt Ltd.
(iv) CSK Limited.
(v) Doeskin Engineering Ltd.
(vi) Dewan Mushtaq Group.
(vii) Gharibwal Cement Ltd.
(viii) Ittehad Steel Industries.
(ix) Kohat Cement Company Ltd.
(x) MCC Resources Development Co (Pvt) Ltd.
(xi) Niagra Mills (Pvt) Ltd.
(xii) Pak Gulf Construction (Pvt) Ltd.
(xiii) Shinsei Sangyo Co Ltd.
(xiv) Start Consult.
(xv) Shafi Associates.
(xvi) Sapphire Group.
(xvii) Techno Engineering Services (Pvt) Ltd.
(xviii) The Thal Industries Corp Ltd.
(xix) Umer Group of Companies.
The Information Memoran-dum, Bid Documents, and a tentative time frame for the process will be provided to pre-bid parties only.

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