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

Add Mettisglobal as a Trusted Source on Google

0:00

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.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	175,285.78 248.39M	1.02% 1766.97
ALLSHR	106,536.82 578.97M	1.02% 1073.42
KSE30	52,320.98 90.24M	1.18% 611.36
KMI30	246,775.63 72.73M	0.99% 2407.71
KMIALLSHR	68,372.65 345.21M	0.84% 569.39
BKTi	49,718.24 37.75M	1.43% 700.72
OGTi	35,126.27 7.30M	0.44% 154.29

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,010.00	65,105.00 64,935.00	-75.00 -0.12%
BRENT CRUDE	85.06	86.55 83.32	0.33 0.39%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.25 -1.17%
ROTTERDAM COAL MONTHLY	120.00	120.00 120.00	0.65 0.54%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	80.33	80.59 79.60	0.73 0.92%
SUGAR #11 WORLD	14.86	14.99 14.71	-0.02 -0.13%