MTC Advised Artistic Group Companies On Scheme Of Arrangement

Pursuant to the Scheme of Arrangement entered into between the (i) Artistic Fabric and Garment Industries (Private) Limited (“AFGI”); (ii) Artistic Fabric Mills (Private) Limited (“AFML”); and (iii) Artistic Corporation (Private) Limited (“ACPL”)(being the parties to the merger) certain assets and liabilities of AFGI shall be demerged from AFGI and amalgamated with and into AFML, while simultaneously ACPL will merge with and into AFGI.

MTC’s team in this matter included Mikael Rahim, Partner.