Karachi February 15 2024: Media Times Limited Board of Directors authorized the
Company to explore the feasibility of potential merger of the Company with any Real estate company.
The stock price surge more than 53 percent on Thursday after Pakistan Stock Exchange announced of moving it from Defaulter to Normal segment.
Upon finalization of merger by the management along with the requisite documents the same may be presented to the Board for approval.
The Company has also been authorized to,
inter alia engage legal, financial and such other advisors and consultants as may be required for the purpose of merger and carry oul other necessary steps and actions, including to
conduct necessary evaluation/recommendation of the potential merger.
Media Times Limited was incorporated in Pakistan on 26 June 2001 as a private limited company and was converted into public limited company on 06 March 2007. The Company is primarily involved in printing and publishing daily English and Urdu news papers in the name of “Daily Times” and “AajKal” respectively.
