Mian Textile Industries changes its principal line of business from Textile to Logistics

News Image

MG News | June 04, 2021 at 05:33 PM GMT+05:00

0:00

June 4, 2021 (MLN): The Board of Directors of Mian Textile Industries Limited, in its meeting held today, have resolved to change the name of the company to “Cordoba Ventures Limited” subject to passing of special resolution in the general meeting and approval of SECP.

The board also resolved to alter the Memorandum of Association of the company by altering the principal line of business from textile to logistics and investment business, subject to approval of shareholders and requisite permission(s).

In addition, the board has resolved to accept subordinate loans from the new sponsors of the company up to the extent of Rs200million on such terms and conditions that are acceptable to the management of the company.

The above information was shared via notification to exchange.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,750.00 119,440.00
118,260.00
455.00
0.38%
BRENT CRUDE 72.17 73.17
71.75
-0.34
-0.47%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.87 69.79
68.45
-0.34
-0.49%
SUGAR #11 WORLD 16.42 16.58
16.40
-0.17
-1.02%

Chart of the Day


Latest News
July 30, 2025 at 05:03 PM GMT+05:00

PKR rises by 10 paisa against USD


July 30, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: You Can’t Always Get What You Want


July 30, 2025 at 03:47 PM GMT+05:00

CCP resolves 223 cases, recovers Rs360m


July 30, 2025 at 03:15 PM GMT+05:00

SBP keeps policy rate unchanged at 11%



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg