Karachi, Hallmark Company Limited informed Pakistan Stock Exchange that there has been a change in the acquirers for the purposes of acquiring more than 50% shares and control of the Company, such that the proposed acquirers are now only Mr. Irtaza Zafar Sheikh and GAZPAK (Private) Limited. There has also been a change in the residential address of Mr. Irtaza Zafar Sheikh.
Further, Mr. Salim Chamdia has resigned as the Chief Executive and Director of GAZPAK (Private) Limited and been replaced by Mr. Salman Chamdia; Mr. Salim Chamdia has also transferred his shares in GAZPAK (Private) Limited to Mr. Salman Chamdia.
Hallmark Company Limited provides general insurance products and services. Hallmark Company Limited was formerly known as Hallmark Insurance Company Limited and changed its name to Hallmark Insurance Company Limited on July 13, 2017. The company was incorporated in 1981 and is based in Karachi, Pakistan.