Lahore Stock Exchange suspends trading in shares of Gulistan Textile Mills Limited for sixty days

Lahore, January 06, 2014 (PPI-OT): Whereas, a winding up Order under Section 305 and 309 of the Companies Ordinance, 1984 has been passed by the Honourable High Court of Sindh, against the Gulistan Textile Mills Ltd; on the petition filed by M/s. United Bank Limited as communicated by the Official Assignee of Karachi. AND WHEREAS, the Exchange is required under Clause 30(1)(c) of Listing Regulations to suspend trading in the shares of the Company.

In view of the above and in the public interest; in exercise of the powers vested in the Exchange under Section 9(7) of the Securities and Exchange Ordinance, 1969 and the Listing Regulations, it has been decided to suspend trading in the shares of Gulistan Textile Mills Ltd. for a period of 60 days w.e.f. January 06, 2014 or until such time the cause of suspension is removed.

For more information, contact:
Barkat Ali Anjum
Deputy Manager-Media and Public Relations Department
Lahore Stock Exchange (LSE)
Cell: +92 306 4506086
Tel: Direct +92 4236280792, +92 423636 8000 Ext. 5031-5032
Fax: +92 42 3636 8485 – 111 441441
Email: barkatali@lse.com.pk
Web: www.lse.com.pk