Feroze1888 Mills Limited (PSX: FML) has decided to form a wholly-owned subsidiary in the United Kingdom, the company informed the main bourse on Monday.
“The Board of Directors of Feroze1888 Mills Limited (the Company) has, subject to requisite legal & regulatory approvals as may be applicable, approved the establishment of a wholly owned subsidiary of the Company in the United Kingdom,” the stock filing stated.
The Company is principally engaged in the production and export of towels.
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