AGP Ltd planning to make billions through PSX’s investors

KARACHI:  The Securities and Exchange Commission of Pakistan (SECP), AGP Limited and Novartis (Pharma listed companies) tightened their lips over the multi-billion deal, but the investors are looking towards the regulators like SECP and Pakistan Stock Exchange (PSX) to hear true news.

According to the not confirmed rumours at PSX two-month ago, M/s AGP Limited had acquired a division of Novartis which specializes to prepare some medicines or vaccines for revitalizations human body (specific organs).

The regulators are silent over this multi-billion deal between AGP and Novartis, while the innocent investors are purchasing AGP’s stock to double or triple their investment.

“The stock of AGP Ltd has sky-rocketed from Rs 90 to Rs 119 in last 30 days and according to some widespread rumors, it could cross Rs 150 soon,” a broker of PSX said.

The stock’s price started moving up after a notification at PSX website about 30-day back that the Board of Directors of AGP Limited has authorized its management to enter into non-binding discussions, negotiations and arrangements and present the same to the board for their final consideration. The AGP’s management has further informed investors that its Board has authorized them to take decision related to business as a cornerstone to inorganic growth.

Pandemic World Order has set new preferential standards for the inflows to nations succumbed to the lackluster, little or no business. World is expecting $2.5 trillion inflows to nations which combinedly develop Corona Vaccine.

The scuffle between China and US over these inflows has heightened to the extent that now Great Britain has also joined in and has recently claimed through Oxford University that vaccine may be ready in few months.

There are for about half a dozen components, each attracting for about 10s of billions of dollars. Some two months ago, M/s AGP acquired a division of Novartis which specializes in revitalizations of some of human organs which are central to the recovery of human from worst level to pressurization leading to a peaceful and pleasing-life.

The news of multi-billion-dollar deal of acquisition of a division of Novartis by AGP is being hidden purposely by both the Novartis and AGP for months. Now, some of shareholders are planning to knock the door of regulators and some are even talking about going to the court.

Investors/Shareholders of AGP are confused as to whether it is an opportunity or a Scam, because is no counter or clarification for this news is available. 

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