Siemens (Pakistan) Engineering Company Limited’s rectification about transformers business to Pakistan Electron Limited: (PEL)
Karachi, April 12, 2013 (PPI-OT): This is with reference to the news item published in Daily Times dated April 11, 2013 with respect to sale of transformers business to Pakistan Electron Limited (PEL).
In this respect the Company would like to clarify that this news item is baseless and without any facts and the Company hereby states that no such deal or agreement is in discussion.
This confirmation is being provided to comply with the requirements of regulation number 16 of the Listing Regulations.
For more information, contact:
Siemens (Pakistan) Engineering Company Limited
B-72, Estate Avenue, S.I.T.E., Karachi
P.O. Box No: 7169
Tel: +92 (21) 3256 6212
Fax: +92(21) 3256 6803