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Tuesday, October 17th, 2017
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Category Archives: Material Information

Material Information of Hub Power Company Limited

Karachi, Hub Power Company Limited informed Pakistan Stock Exchange that the Company has today filed the scheme of arrangement in the High Court of Sindh for the demerger of its Narowal Plant into its wholly owned subsidiary Narowal Energy Limited. The hearing could not take place today and would be taken up by the Court at its discretion. HUBCO was incorporated in Pakistan in 1991as a limited liability company. The company owns oil-fired power station with installed net capacity of 1,200 MW in Baluchistan and 214 MW Punjab. The Hub Power Company is listed on the Karachi, Lahore and Islamabad Stock Exchanges. The Global depository receipts are also listed on the Luxemburg Stock Exchange. The production capacity of the power stations varies. The business partners of HUBCO are Water and Power Development Authority, Pakistan State Oil, National Transmission and Despatch Company Limited, BAKRI Trading Company Pakistan, Government of Pakistan, Government of Baluchistan and International Power. The symbol “HUBC” is being used by the stock exchanges for the shares of the Hub Power Company Private Limited.

Material Information of ICI Pakistan Limited

Karachi, ICI Pakistan Limited informed Pakistan Stock Exchange that the disclosure made on October 25, 2016 in relation to the acquisition of 100% shares of Cirin Pharmaceuticals Private Limited, the transaction has been successfully completed and the Company has taken over control and ownership of the Company as a wholly owned subsidiary. ICI Pakistan Limited is a company incorporated in Pakistan. It is engaged in the manufacture of polyester staple fibre, POY chips, soda ash, specialty chemicals, sodium bicarbonate and polyurethanes. It also markets seeds, toll manufactured and imported pharmaceuticals and animal health products and is a merchant of general chemicals. Besides this the company also acts as an indenting agent and toll manufacturer. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The subsidiary of the company is ICI Pakistan Power Gen Limited incorporated in Pakistan as an unlisted public company. It is a wholly owned subsidiary company of ICI Pakistan Limited which is engaged in generating, selling and supplying electricity to the Company. The symbol “ICI” is being used by the stock exchange for the shares of ICI Pakistan Limited.

Material Information of Tri-Star Polyester Limited

Karachi, Tri-Star Polyester Limited informed Pakistan Stock Exchange about transaction of shares of the company. 50,000 shares @ Rs. 14.32 per share were bought from the market on December 21, 2016. Tri Star Polyester Limited is a Polyester Filament Yarn manufacturing plant established in 1992 and is situated at S.I.T.E., Karachi having a capacity of 4,200 tons/annum based on 75 denier. The symbol “TRPOL” is being used by the stock exchanges for the Tri Star Polyester Limited.

Material Information of Silk Bank Limited

Karachi, Silk Bank Limited informed Pakistan Stock Exchange that the board of directors of the Bank in its 155th meeting held on December 20, 2016, has allotted the remaining 1,282,052,282 right shares to the prospective shareholders subject to the regulatory approvals. Silk Bank Limited was incorporated in Pakistan on April 4, 1994 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The bank commenced its commercial operations on May 7, 1995. The bank is engaged in the banking services as described in the Banking Companies Ordinance, 1962. The bank operates through 88 branches including 10 Islamic Banking branches in Pakistan. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the bank is located at Karachi. The major share holding of the bank i.e. 82.406% in the bank as on September 30, 2013 is held by a consortium comprising of International Finance Corporation, Nomura European Investment Limited, Bank Muscat S.A.O.G. and executives of the Sinthos Capital Advisors Limited. The symbol “SILK” is being used by the stock exchanges for the shares of Silk Bank Limited.

Material Information of Indus Motor Company Limited

Karachi, Indus Motor Company Limited informed Pakistan Stock Exchange that board of directors of the company have today passed a resolution accepting the resignation of Mr. Yoshiyuki Matsuo as the Director of the Company with effect from January 01, 2017 and has appointed Mr. Sadatoshi kashihara as Director of the Company. Indus Motor Company Limited is a public limited company incorporated in 1989 in Pakistan. The commercial production by the company started in May 1993. The company operates as a joint venture between the House of Habib, Toyota Motor Corporation and Toyota Tsusho Corporation of Japan. The operations of the company include assembling, manufacturing and marketing of Toyota and Daihatsu brand automobiles for domestic consumption. The company deals in the production of passenger cars, SUV’s, four wheel drives and commercial vehicles. The company deals in the production of passenger cars, SUV’s, four wheel drives and commercial vehicles. The manufacturing facility is located in Port Qasim, Karachi. The registered office of the company is also located in Karachi. The stocks of the company are quoted on the Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The product is delivered nationwide through a strong network of 37 independent dealership spread across Pakistan. The workforce employed by the organization is more than 2000 workers. The production system of the company is built on application of Just-In-Time and Jidoka. The symbol “INDU” is being used by the stock exchange for the shares of Indus Motor Company Limited.

Material Information of Engro Foods Limited

Karachi, Engro Foods Limited informed Pakistan Stock Exchange that they have received the attached notice from FrieslandCampina Pakistan B.V in respect of the completion of its acquisition of (i) 361,299,052 shares of the Company (47.1%) from Engro Corporation Limited and (ii) 29,664,947 shaes of the Company (3.9%) through a mandatory tender offer under the Securities act, 2015. Engro Foods Limited is a public limited company incorporated in Pakistan. The foundations of the company are formed under the Companies Ordinance, 1984. The business of the company is associated with manufacturing, processing and selling dairy products, juices, ice cream and frozen desserts. Besides this the company also owns and operates a dairy farm. The company operates internationally and is tagged as a halal food producer. The shares of the company are quoted on the Karachi and Lahore stock exchanges of Pakistan. The registered office of the company is located in Karachi. The company is a subsidiary of Engro Corporation Limited. The company owns processing units located in Sukkur and Sahiwal. Most renowned brands to name a few of the company are Olper’s, Olwell, Tarang, Omore and Owsum. The symbol “EFOOD” is being used by the stock exchange for the shares of Engro Food Limited.

Material Information of The Hub Power Company Limited

Karachi, The Hub Power Company Limited informed Pakistan Stock Exchange that the to their intimation to the Stock Exchange dated October 18, 2016 the Private Power Infrastructure Board has now called for a meeting to discuss the extension in the Financial closing and the signing of the Implementation agreement for 2x660MW (1,320MW) imported coal based Power Plant at Hub. HUBCO was incorporated in Pakistan in 1991as a limited liability company. The company owns oil-fired power station with installed net capacity of 1,200 MW in Baluchistan and 214 MW Punjab. The Hub Power Company is listed on the Karachi, Lahore and Islamabad Stock Exchanges. The Global depository receipts are also listed on the Luxemburg Stock Exchange. The production capacity of the power stations varies. The business partners of HUBCO are Water and Power Development Authority, Pakistan State Oil, National Transmission and Despatch Company Limited, BAKRI Trading Company Pakistan, Government of Pakistan, Government of Baluchistan and International Power. The symbol “HUBC” is being used by the stock exchanges for the shares of the Hub Power Company Private Limited.

Material Information of Kohat Cement Company Limited

Karachi, Kohat Cement Company Limited informed Pakistan Stock Exchange about transaction of shares of the company. 8,000 shares @ Rs. 268.94 per share were sold on December 14, 2016 through CDC. Kohat Cement Company Limited is a public limited Company incorporated in Pakistan under the Companies Ordinance, 1984. The company is engaged in the manufacturing and selling of cement. The product line is distributed into grey cement and white cement. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office is situated at Kohat. The associated companies of Kohat Cement are Liberty Car Park Private Limited, Palace Enterprises Private Limited, Aizaz Brothers Private Limited, Asian Hotel and Resorts Private Limited, Ace Developers Private Limited, Atta Buksh Textiles Limited and Tariq Motors Private Limited The symbol “KOHC” is being used by the stock exchanges for the shares of Kohat Cement Company Limited.