Pachin denies receiving non-binding offer from SIPES International

Updated 8/7/2022 12:53:00 PM

Arab Finance: Paints and Chemical Industries (Pachin) (PACH) has denied receiving a non-binding purchase offer from SIPES International via an emailed letter last week, according to a disclosure to the Egyptian Exchange (EGX) on August 7th.

The company has declined receiving any letters regarding this matter.

Pachin is an Egypt-based public shareholding company that operates in the production, marketing, and distribution of paints, varnishes, industrial chemicals, printing inks, animal extracts, and other related products.