Karachi, Ahmad Hassan Textile Mills Limited informed Pakistan Stock Exchange that Board of Directors of the Company in their meeting held on November 07, 2019 at Multan, has approved the Scheme of Arrangement for split of spinning business of the Company, under Section 282 of the Companies Act 2017.
“Ahmad Hassan Textile Mills Limited is a company incorporated in Pakistan on December 03, 1989 as a public Limited Company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is principally engaged in the manufacturing and sale of yarn and fabric. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is situated at Multan. The mill is located at District Muzaffargarh.
The symbol “AHTM” is being used by the stock exchanges for the shares of Ahmad Hassan Textile Mills Limited.”