Karachi, May 25, 2012 (PPI-OT): We would like to inform that the meeting of the Board of Directors of Amtex Limited (AMTEX) will be held on Saturday, June 02, 2012 at 11:00 a.m. at mills premises 1.K.M. Khurrianwala Jaranwala Road Faisalabad to consider and approve the plan, subject to final approval by the share holders of the company, for disposal of Company’s complete Spinning Division that includes its Land, Building, Plant & Machinery, equipments and all other assets installed therein and some other noncore assets that include Land and Building at various sites. The entire said proceeds will be used for payment of costly debt as a part of debt restructuring plan under negotiations between the Company and its lender banks.
For more information, Contact:
1-Km, Khurranawala, Jaranwala Road,
Tel: 92-41-4361724 (6 Lines)
Fax: 92-41-4361726 &27