Karachi, Ghani Automobile Industry Limited informed Pakistan Stock Exchange that the Honorable Lahore High Court, has sanctioned the merger of the Company with and into Ghani Value Glass Limited.
The announcement is available at:
Ghani Automobile Industry Limited is a Public Limited company of Ghani Group, was listed on Stock Exchanges. The company was established in 2004 and started its commercial production of the two wheelers during 2005. The head office is in Model Town, Lahore, Pakistan while the plant is situated at Multan Road, Bhai Pheru.
Ghani Automobiles Industries Limited was incorporated in 1987 and the principal activity of Company is to manufacture, assemble and trade of Automotive Vehicles of all kinds and sorts.
The total number of shares that are 50,028,880. Earnings per shares of the Company is (0.66) in 2020 which was (0.47) in 2019. The Company had a loss of Rs. 32,948,000 in 2020 which was 23,747,000 in 2019.