Landmark Spinning Industries to resume operations after successful reverse merger

News Image

MG News | April 03, 2024 at 02:44 PM GMT+05:00

0:00

April 03, 2024 (MLN): Landmark Spinning Industries Limited (PSX: LMSM) is undergoing a reverse merger with an operating unlisted company and will commence operations as a merged entity, as informed by the company in its progress report issued to PSX today.

As of the latest update, a joint petition seeking the court's sanction of the Scheme of Arrangement was filed on May 22, 2022, in the High Court of Sindh at Karachi.

However, the court proceedings have been adjourned, and new dates have been scheduled within this quarter.

Consequently, the company considers the matter to be still in progress with the court and is diligently monitoring the developments in compliance with PSX Regulation.

“Any further updates or developments on this matter will be promptly communicated to you,” it concluded.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 164,590.41
485.01M
-1.18%
-1962.87
ALLSHR 100,327.42
1,503.35M
-0.96%
-969.25
KSE30 50,209.81
169.39M
-1.36%
-693.46
KMI30 238,432.14
93.18M
-1.21%
-2915.72
KMIALLSHR 66,026.36
597.12M
-0.75%
-498.00
BKTi 46,678.02
105.34M
-2.30%
-1100.99
OGTi 32,746.16
15.69M
-0.51%
-167.04
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,860.00 110,505.00
107,055.00
915.00
0.85%
BRENT CRUDE 65.49 66.18
63.86
2.90
4.63%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-0.90
-1.11%
ROTTERDAM COAL MONTHLY 92.75 0.00
0.00
0.95
1.03%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 61.38 62.12
59.64
2.88
4.92%
SUGAR #11 WORLD 15.36 15.44
15.18
0.26
1.72%

Chart of the Day


Latest News
October 23, 2025 at 07:09 PM GMT+05:00

Pakistan's Forex Reserves Increase by USD 43 Million


October 23, 2025 at 05:58 PM GMT+05:00

Govt delivers power relief for industry and agriculture


October 23, 2025 at 05:46 PM GMT+05:00

Pakistan, UK boost economic and climate partnership


October 23, 2025 at 05:04 PM GMT+05:00

Pakistan receives $437m external financing in September



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg