Hoechst Pakistan to incorporate wholly-owned UAE unit

By MG News | December 20, 2024 at 09:49 AM GMT+05:00

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December 20, 2024 (MLN): The Board of Directors of Hoechst Pakistan Limited (PSX: HPL) has approved the incorporation of a wholly owned foreign subsidiary in the UAE, as reported by the company's filing to PSX.

This is subject to all applicable regulatory approvals.

The subsidiary will be primarily engaged in commercial trading with import, export, distribution, and warehousing as its ancillary activities.

HPL is a public limited Company incorporated in Pakistan under the repealed Companies Act, 1913 (Now the Companies Act, 2017).

The Company is engaged in the manufacturing, selling, and trading of pharmaceuticals and related products.

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