Karachi July 16 2021: Share Purchase Agreement is executed between Sponsors of Landmark Spinning Industries Limited (LMSL) and M/S GAZPAK (Pivet) Limited.
Sponsors of LMSL collectively holds 6.9 million or 57.9 percent ordinary shares of the company. Currently, the company is in the defaulter segment of Pakistan Stock Exchange.
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Earlier in March 2021, LMSL had received a pubic notice of public announcement of intention from potential acquirer, whereby the acquirer has expressed his intention to acquire more than 51 percent of the company's paid up capital.