Central Forests Products Limited informed Karachi Stock Exchange that Mr. Abdul Aziz H. Yakoob, Mr. Aamir Aziz and Mr. Mohammad Shariff Yakoob the majority shareholders of the company have decided to purchase all the shares of the company. A special resolution was passed for the de-listing of the company from Karachi, Lahore and Islamabad Stock Exchanges of Pakistan at the Extraordinary General Meeting of the company held on July 16, 2014.
Further, the share purchase offer will be valid from August 7, 2014 to October 6, 2014 (both days inclusive).
Central Forest Products Limited is a company incorporated in Pakistan in 1986. It is a public limited company and the foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company is manufacturing of plywood sheets, door frames, window frame, sawing and sale of these products. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located at Karachi.
The factory is equipped with latest machines imported from Europe. The production capacity of the plant is production of 1000 Flush Doors, 100 Panel Doors, 1200 Door Frames and 1000 Skin Faced Panel Doors per day. The company also specializes in production of knock down furniture, furniture parts, school desks etc. The factory is also equipped with Automatic Polishing, Staining, Lacquering Machines, Curtain Coater and Robotic type Spray Guns.
The symbol "CEFP" is being used by the stock exchanges for the shares of Central Forest Products Limited.
Source: KSE Notice
