Pakistan Company News – Announcement of Ghani Global Glass Limited

Announcement of Ghani Global Glass Limited

Karachi, Ghani Global Glass Limited informed Pakistan Stock Exchange that the board of Directors of the Company in their meeting held on November 29, 2017 has proposed to increase paid up share capital of the company by issue of 21,000,000 ordinary shares at a price of PKR 16.00 each including premium of PKR 6.00 per share to the Directors of the Company against their outstanding loans towards the Company in terms of first proviso to Section 83 (1) (b) of the Companies Act, 2017.

The Company was incorporated during October 2007 in the name of Ghani Tableware (Pvt) Limited. During July 2008 the company was converted into public company. During January 2009, name of the company was changed to GHANI GLOBAL GLASS LIMITED.

The company has been setting up a Brand New State-of-the-Art fully automated glass tubing manufacturing plant, f world’s top ranking European Brand. The installed capacity of the plant to produce international standard Glass Tubing up to 24 tons / per day.

Plant and machinery have been imported from world’s renowned manufacturers of glass manufacturing machinery from Italy, Japan, Germany, UK and China.

The symbol “GGGL” is being used by the stock exchanges for the shares Ghani Global Glass Limited.