Gul Ahmed to hive off its local business into a wholly-owned subsidiary

MG News | February 26, 2020 at 09:54 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

February 26, 2020 (MLN): The Board of Directors of Gul Ahmed Textile Mills Ltd. has authorized the company to formulate and propose the terms for a carve-out / hive-out of its local business segment (including retail business along with related assets) into a wholly-owned subsidiary and upon finalization of the same by the management, be presented to the Board of Directors for their consideration.

Furthermore, the company has also been authorized to incorporate a wholly-owned subsidiary for the purposes of the above and to appoint legal, financial and such other advisors and consultants as may be required for the purposes of the above.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	180,511.02 526.92M	0.07% 118.05
ALLSHR	108,555.87 1,212.83M	0.36% 391.07
KSE30	53,841.27 248.20M	-0.15% -80.15
KMI30	257,350.10 248.61M	0.18% 449.64
KMIALLSHR	70,414.17 786.79M	0.66% 464.74
BKTi	49,456.61 62.72M	-0.92% -458.09
OGTi	36,926.58 22.69M	1.66% 603.66

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,935.00	66,160.00 64,825.00	-765.00 -1.16%
BRENT CRUDE	79.10	79.57 77.75	0.14 0.18%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	7.50 6.49%
ROTTERDAM COAL MONTHLY	125.50	0.00 0.00	-0.40 -0.32%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	75.37	76.06 74.09	0.10 0.13%
SUGAR #11 WORLD	14.24	14.33 14.22	-0.07 -0.49%