Islamabad, Sep 2: The Scheme of Arrangement for the merger by amalgamation of Liven Pharmaceuticals (Pvt.) Limited (LPL) with and into Landmark Spinning Industries Limited (PSX: LMSM) has been approved by the Sindh High Court by an order dated September 02, 2024.
Following the approval of the Scheme of Arrangement, all of LPL’s rights, responsibilities, and assets have been combined, transferred, and are now owned by the Company. Following completion of the necessary legal and regulatory procedures, Landmark Spinning Industries Limited’s name will be changed to Liven Pharma Limited as a result of the merger, along with the primary business line.
The company’s main business is the production, distribution, and trading of yarn.
With more than 37,000 shares traded on Monday, the company’s scrip at the exchange closed at Rs. 41.38, up 8.87 percent or Rs. 3.37.
