Karachi February 28 2022: Dewan Automotive Engineering Limited has not so far removed the causes of suspension of trading in its shares relating to non-compliance of the PSX Regulations
As per PSX notice stock is non-compliant of suspended commercial production / business operations in its principle line of business, CDS eligibility has been suspended by the CDC and adverse opinion in the audit report.
Therefore, it has been decided that trading in the shares of the Company shall remain suspended until such time the cause(s) of suspension have been rectified or another period of 60 days effective from March 01, 2022.
A L S O || R E A D
Meezan Bank became the fourth largest bank overtake MCB in terms of deposits: PSX
Dewan Automotive Engineering Limited was incorporated on May 6, 1982 and commenced operations in August 1983. The company’s business is the assembly-cum progressive manufacture and sale of tractors, light commercial vehicles and motorcycles and trading/manufacturing of parts and implements related thereto. The company was taken over by Yousaf Dewan Companies.
