On February 19, 2026, Maple Leaf Cement Factory Limited (MLCF) confirmed the successful completion of its public offer to acquire 26,623,096 ordinary shares of Pioneer Cement Limited, securing 61.64% of the total offer size on a pro-rata basis. The offer, which was significantly oversubscribed, received applications for 43,189,598 shares, reflecting a strong investor interest in the cement sector. All payments for eligible shareholders were completed by February 17, 2026, with Next Capital Limited, the manager to the offer, ensuring compliance with all regulatory requirements. In cases where bank transfers could not be completed, pay orders were issued to shareholders, and excess shares were returned to their accounts, indicating a smooth transaction process.