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Privatisation Commission has received 11 more Expression of Interest (EOI)
after the extension of the last date for Expression of Interest (EOI) from
those prospective bidders for the sale of Faletti's Hotel, Lahore on 'as is
where is' basis who are interested in establishing/ maintaining it a quality
hotel of international repute within reasonable timeframe while ensuring that
the new design of the Hotel was in harmony with the existing architecture and
preservation of its historic identity. The date was extended for ensuring
maximum participation from the quality players and to facilitate investors.
The bidding date for Faletti's Hotel is targeted for May 29, 2004.
The fresh 11 new EOIs has raised the number of EOIs to 43 received from the
prospective bidders for the sale of Faletti's Hotel, Lahore on 'as is where
is' basis. Earlier PC had received 32 EOIs for this transaction. The new
participants include Kohisar Enterprizes, Karachi, Mr. Jawed Salim Qureshi,
Lahore, Unique Trading Company (Importers & Ship Breakers), Karachi, Ghani
Usman & Group, Karachi, Chohan Estate Center, Karachi, Premier Group of
Companies, Islamabad, Sadaf Enterprises, Karachi, M.S. RESHMATEX Limited,
Kasur, Kashmir Associates, Jalal Pur Jattan, Soloman Business (pvt) Limited,
Lahore and A. A. Enterprises, Karachi. The parties, which had earlier
submitted EOIs include Export International, Karachi, Popular Contracting,
Sialkot, Afzal & Co, Peshawar, Mohammad Khalid Randhawa, Islamabad, Associated
Builders (Pvt) Limited, (Hashoo Group), Karachi, Hashwani Hotels Ltd,
Islamabad, Shahid Gul & company, Karachi, Haji Saifullah & Group, Islamabad,
Bahria Town (Pvt) Limited, Rawalpindi, Tourism Promotion Services (Pakistan)
Limited, Karachi, TasHeel Group of Saudi Arabia, Hilton Millineum Group, USA,
AMZ Securtites (Pvt) Limited, Karachi, Emirates Global Investment Limited,
Sharjah, UAE, Al-Hamra Trading Co, Karachi, LYNX Trading SDN, BHD, M/s Mushriq
TV (Pvt) Ltd Lahore, M/s Imperial Builders Karachi, PACE (Pakistan) Ltd
Lahore, Hotel Crown Plaza Islamabad, Bara Ghee Mills, Bara, S.B.Technologies.
LLC, Lahore, Jahangir Siddique Capital Markets (Pvt) Ltd Karachi, Pharaon
Commercial Investment Group Ltd Islamabad, Haji Khadim Hussain Rawalpindi,
Elite Home Fashions (Pvt) Ltd Faisalabad, Lakson Tobacco Company Limited
Karachi, Sapphire Group Lahore, CooKu Enterprise Islamabad, SAS (Pvt) Ltd
Islamabad, Husnain Cotex Limited Lahore and Kaston Holdings Pte. Ltd
Singapore.
Bidding documents comprising terms and conditions of sale and bidding
procedure will be provided from May 14, 2004 to those parties who have
deposited a non-refundable processing fee along with their EOI and details
about themselves. The prospective bidders who have submitted EOIs can only
visit the site during working hours on any working day on prior appointment
with the Privatisation Commission. The prospective bidders who have already
submitted their EOIs in response to PC's earlier invitation in December 2003
and April 2004 will be sent a new set of bidding document.