Status of Subscription of Right Issue of Ghani Global Glass Limited

Karachi, Ghani Global Glass Limited informed Pakistan Stock Exchange that 100% right issue of the Company amounting to Rs. 500,000/- has been subscribed to the extent of 99.62% as of the last date of payment acceptance of shares i.e. August 30, 2016. As per detail received from the bBankers to the issue, the company has received a total sum of Rs. 498,119,760/- against right shares subscription.

The Company was incorporated during October 2007 in the name of Ghani Tableware (Pvt) Limited. During July 2008 the company was converted into public company. During January 2009, name of the company was changed to GHANI GLOBAL GLASS LIMITED.

The company has been setting up a Brand New State-of-the-Art fully automated glass tubing manufacturing plant, f world’s top ranking European Brand. The installed capacity of the plant to produce international standard Glass Tubing up to 24 tons / per day.

Plant and machinery have been imported from world’s renowned manufacturers of glass manufacturing machinery from Italy, Japan, Germany, UK and China.

The symbol “GGGL” is being used by the stock exchanges for the shares Ghani Global Glass Limited.