Orient Paper & Industries' board approves scheme of arrangement
The board of Orient Paper & Industries has approved scheme of
arrangement for reconstruction of GMMCO and the company whereby and
whereunder the chemical division of GMMCO with all assets and
liabilities relating thereto will be transferred to the company with
effect from the appointed sate. i.e. 01 October 2008. The rest of the
business and undertaking of GMMCO will continue to remain with GMMCO.
The board of Orient Paper & Industries has approved scheme of
arrangement for reconstruction of GMMCO and the company whereby and
whereunder the chemical division of GMMCO with all assets and
liabilities relating thereto will be transferred to the company with
effect from the appointed sate. i.e. 01 October 2008. The rest of the
business and undertaking of GMMCO will continue to remain with GMMCO.
This was approved at the board meeting held on 29 August 2008.
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