Akro & Excelsior LLC to acquire shareholding of Mian Textile Mills’ CEO

MG News | February 25, 2020 at 11:56 AM GMT+05:00

0:00

February 25, 2020 (MLN): The Chief Executive Officer (CEO) of Mian Textile Mills, has received a letter from Mr Ali Arif of Akro &Excelsior LLC (Texas-based foreign entity) for the acquisition of the shareholding of CEO/Directors and their relatives in the company.

In this respect, both parties have decided to enter into an MOU after negotiation of initial terms & conditions.

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