HACC increases authorized share capital to Rs600mn

July 22, 2022 (MLN): The shareholders of Hashimi Can Company Limited (PSX: HACC) on Friday resolved to increase the authorized share capital of the company from Rs50 million to Rs600mn divided into 60mn ordinary shares of Rs10/- each ranking pari-passu in every respect, the company filing on PSX showed today.

The shareholders further resolved to change the name of the Company from Hashimi Can Limited to MetaTech Health Limited. However, it is subjected to the approval of the Registrar of the Companies, Karachi, or the SECP.

Furthermore, the change in the company's principal line of business was also resolved by the shareholders today under Object Clause III of the Memorandum of Association. 

According to the said clause, the principal line of business of the company is to establish, run, control, manage and operate Hitech/med-tech hospitals, pharmacies, nursing homes, maternity homes, clinics, laboratories, operation theaters, dental/denture clinics/facilities, and healthcare centers.

In addition, trading of health care products and providing all healthcare and surgical related facilities of different diseases, indoor and outdoor treatment services to the patients and treatment of viral, bacterial and chronic diseases and all other allied services thereof, are also included.

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