Lahore May 6 2022: To promote independent strategic alliance/collaboration with a global player and to attract foreign investment the management presented to the Board proposition in respect of corporate restructuring of the Company’s businesses.
It was proposed that both these businesses should be operated independently in separare companies which would result in operational focus, better management, growth opportunities, accountability, increased capitalization and overcome any short term constraints.
The Board discussed the matter at length and authorized the management to conduct necessary analysis/evaluation of the potential corporate restructuring of the Company’s business(s) and make recommendations to the Board. The Board also authorized Chief Executive
for the appointment of consultants and advisers for the purpose of evaluation of proposed corporate restructuring propositions.
