Hashimi Can Ltd to de-list itself from PSX following futile attempts to revive the company
MG News | January 25, 2019 at 10:50 AM GMT+05:00
January 25, 2019 (MLN): After business shut down and subsequent termination of all employees in 2011 due to illegal strikes/activities of workers’ union, the Board of Director of Hashimi Can Company Limited has resolved that all the efforts to revive the company have been futile.
Therefore, the Board has decided to start voluntary de-listing and buyback of minority shareholders by following the procedure laid down by Pakistan Stock Exchange.
“The decision is made in the larger interest of minority shareholders so they can be compensated quickly” the notice issued by the company said.
It was further resolved that for the aforementioned purpose, the Director of the Company Mr. Zaheer A. Malik has been authorized to sign and swear all types of application, memorandums, statements, affidavits, etc., as well as to sign agreements and to engage professional consultant(s) of his own choice.
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