Board approves ASL's group company reorganization initiative

By MG News | September 26, 2023 at 09:47 AM GMT+05:00

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September 26, 2023 (MLN): The Board of Directors of Aisha Steel Mills Limited (PSX: ASL) on Monday authorized the management to participate in the Group's initiative to evaluate and propose the terms for a potential reorganization of group companies.

The objective of this initiative is to assess various workable options to strengthen the balance sheets of group companies for financial and tax efficiencies and present their recommendations for the consideration and approval of the Board of Directors.

The principal business of ASL is manufacturing and selling cold rolled coils and hot dipped galvanized coils.

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