Haji Mohammad Ismail Mills to consider a merger with Maymar Holding Ltd

MG News | November 19, 2020 at 02:01 PM GMT+05:00

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November 19, 2020 (MLN): At a meeting of the Board of Directors of Haji Mohammad Ismail Mills Limited, the BoDs authorized the Company to explore the feasibility of a potential merger of the Company with Maymar Holding (Private) Limited ("MHPL"), including, but not limited to, entering into discussions with MHPL and its management, formulating and proposing the structure and terms with respect to the same, along with carrying out and finalizing the feasibility / valuations in respect thereof (if required).

The Board also directed the company to present the draft documents pertaining to the Proposed Arrangement, for their consideration.

Furthermore, the Company has been authorized to appoint legal, financial and such other advisors and consultants as may be required for the purposes of the above.

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