The Lahore Stock Exchange (LSE) has accepted the request for de-listing of M/s Hamza Sugar Mills due to buyback of shares by the sponsors of the company at Rs 80 per share.
Accordingly, the company shall stand de-listed from the ready board quotations of the LSE from September 06, 2004, the LSE notified here on Monday.
According to the notice, M/s Hamza Sugar Mills has also submitted a bank guarantee to Karachi Stock Exchange, valid up to July 31, 2005 regarding buyback of remaining shares from the minority share holders at Rs 80 per share.
The shareholders intending to avail this opportunity have been advised to approach the sponsors/majority shareholders at the company's office.