Mian Textile Industries Limited informed Pakistan Stock Exchange that they are in final negotiations for merger/takeover, which is expected to be finalized within next couple of weeks. Accordingly, they hope the revival of operations very soon.

The announcement is available at:

https://dps.psx.com.pk/download/attachment/142768-1.pdf

Mian Textile Industries Limited was incorporated in Pakistan on December 01, 1986 as a Public Limited Company under the Companies Ordinance, 1984. The company was principally engaged in the business of manufacturing, sale and export of textile products.

© Pakistan Press International, source Asianet-Pakistan