Landmark Spinning Industries to resume operations after successful reverse merger

News Image

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

Join our Whatsapp channel
Add Mettisglobal as a Trusted Source on Google Google
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

News
Cherat Packaging expands Flexible Packaging Capacity
News
Court suspends Quice EOGM oversight order
News
Engro Corp maintains AA+ rating with stable outlook
Name Price/Vol %Chg/NChg
KSE100 178,471.87
230.11M 		-0.25%
-450.89
ALLSHR 107,750.16
800.56M 		-0.09%
-100.11
KSE30 53,200.20
133.88M 		-0.20%
-108.75
KMI30 254,996.96
124.41M 		-0.08%
-196.20
KMIALLSHR 69,953.56
399.12M 		-0.00%
-2.25
BKTi 48,558.57
28.50M 		-0.58%
-281.36
OGTi 36,615.70
18.68M 		0.45%
165.66
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 64,285.00 65,600.00
62,315.00 		1340.00
2.13%
BRENT CRUDE 78.26 82.30
77.23 		-2.31
-2.87%
RICHARDS BAY COAL MONTHLY 115.00 0.00
0.00 		0.00
0.00%
ROTTERDAM COAL MONTHLY 125.50 0.00
0.00 		-0.65
-0.52%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50 		0.00
0.00%
CRUDE OIL - WTI 74.27 78.14
73.24 		-1.58
-2.08%
SUGAR #11 WORLD 13.86 14.23
13.74 		-0.27
-1.91%
Chart of the Day
Latest News
June 22, 2026 at 05:06 PM GMT+05:00

National Foods eyes 40% upside to Rs515

June 22, 2026 at 04:31 PM GMT+05:00

PKR gains marginally against USD

June 22, 2026 at 04:30 PM GMT+05:00

China backs Pakistan's mediation efforts

Top 5 things to watch in this week
Monetary Aggregates (M3) - Monthly Profile
Total Advances, Deposits & Investments of Scheduled Banks
MTB Auction
Foreign Exchange Reserves
Weekly Inflation
Previous
Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg