Karachi, Javedan Corporation Limited informed Pakistan Stock Exchange that the Preference Shareholders have converted their Preference shares in to ordinary shares in the ratio of 0.47 and conversion price of 32.95.
Javedan Corporation Limited was incorporated in Pakistan on June 8, 1961 as a public limited company. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi.
The company has ceased the operations of its cement business since July 01, 2010. The management has developed a diversification strategy using which the land of the company shall be utilized for developing housing scheme namely Naya Nazimabad.
The symbol “JVDC” is being used by the stock exchanges for the shares of Javedan Corporation Limited.