Gul Ahmed Textile Mills to acquire 50% share capital of Worldwide Developers

MG News | August 07, 2019 at 12:34 PM GMT+05:00

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August 7, 2019 (MLN): The Board of Directors of Gul Ahmed Textile Mills Limited has convened an Extraordinary General Meeting to consider and pass the resolution regarding investment in Worldwide Developers (Private) Limited, which is also a related party of the company.

With an investment of Rs. 2.2 billion, the company intends to acquire both 50% of the issued and paid up share capital of Worldwide Developers.

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