AHCL to propose terms to restructure business

MG News | April 28, 2023 at 04:54 PM GMT+05:00

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April 28, 2023 (MLN): The Board of Directors (BoD) of Arif Habib Corporation Limited (AHCL) on Friday authorized the management of the company to evaluate and propose the terms for a corporate restructuring/reorganization of the businesses being carried out by AHCL and/or its subsidiary, Arif Habib Limited (AHL).

The objective of this authorization is to assess various workable options to achieve synergy in the business operations of AHCL and/or AHL and later present their recommendation for the consideration and approval of the board.

For the purposes of the same, the management has also been authorized to, inter alia, enter into discussions, engage legal, financial, and such other advisors and consultants as may be required, and carry out other necessary steps and actions, including preparation of necessary documents.

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