Packages Ltd to establish a subsidiary to carry out corn-based starch business

MG News | April 26, 2021 at 10:35 AM GMT+05:00

0:00

April 26, 2021 (MLN): The Board of Directors of Packages Limited, has approved the formation of a wholly-owned local subsidiary, which will be engaged in the business of manufacturing and distributing corn-based starch and its directive products.

The approval is subject to all regulatory requirements, notification issued by the company said.

The Board of Directors believes that this investment will be beneficial for the shareholders of the Company in the long run.

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