Proposed Merger of Ghani Automobile Industries Ltd into Ghani Value Glass Ltd

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In a recent notification to the Pakistan Stock Exchange, Ghani Automobile Industries Limited (GAIL) during the board meeting has considered the merger of the company into Ghani Value Glass Limited (GVGL)Notification:

We are pleased to inform that the Board of Directors in their meeting held today has considered the proposed merger of Ghani Automobile Industries Limited into Ghani Value Glass Limited and accorded their consent to initiate the necessary steps for the said merger.

Ghani Automobile Industries Limited is a public listed company incorporated in Pakistan under the Companies Ordinance, 1984 in September 1987. The principal activity of Company is to manufacture, assemble and trade of Automotive Vehicles of all kinds and sorts.