Karachi, Olympia Mills Limited informed Pakistan Stock Exchange that in yesterday’s board meeting, routine year end transaction and budget have been approved.

The company was incorporated in Pakistan as a public limited company on October 28, 1960, and its shares are quoted on the Pakistan Stock Exchange. The registered office of the company is situated at H-23/3, Landhi Industrial Area Karachi.

The principal line of the company has also been changed to renting/leasing of company’s fixed assets as approved by Shareholders in AGM dated 30 October 2017.

The name of the company has been changed from Olympia Spinning & Weaving Mills Ltd to Olympia Mills Limited which was approved by SECP in November 2017.

The principal business activity of the company is now renting/leasing of Factory building and Paper Plant Machinery.