LMSM rebrands as Liven Pharmaceuticals, shifts to pharma sector

MG News | November 07, 2024 at 11:57 AM GMT+05:00

0:00

November 07, 2024 (MLN): The name of Landmark Spinning Industries Limited (PSX: LMSM) has been changed to Liven Pharmaceuticals Limited (PSX: LIVEN) following its merger.

Accordingly, the company’s primary business has shifted from trading, manufacturing, and selling yarn to manufacturing pharmaceutical and allied products.

Additionally, the company’s location has changed from Sindh to Punjab, and its authorized share capital has increased to Rs1 billion (100 million shares), up from Rs150m (15m shares) previously.

This change has also resulted in a relocation of the registered office.

To recall, on September 02, the High Court of Sindh sanctioned the aforesaid merger.

With the court's approval, the company is no longer subject to the provisions of PSX Regulation 5.11 and is now required to disseminate material information promptly.

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