Samin Textiles turns appliance makers, Waves Singer ventures in real estate
KARACHI: Samin Textiles Limited (SMTL) has agreed to acquire the home appliances business of Waves Singer Pakistan Limited (WSPL), as the troubled textile company plans to switch its principal line of business from textiles to home appliances and light engineering. Directors’ of both companies have approved this scheme of arrangement. According to the proposed deal, … Read more