Material Information of Wyeth Pakistan Limited
Karachi, Wyeth Pakistan Limited informed Pakistan Stock Exchange that a strategic proposal is being considered by the Board of the Company for disposal of its manufacturing facility and certain related products manufactured at the facility. No disclosure of material information has been made by the Company in this respect as the Company believes that since no decision has been taken by the Board in relation to the proposal it would have been misleading for the market to make any pre-mature disclosure. Wyeth Pakistan Limited is a public limited company incorporated in 1949 in Pakistan. The company is engaged in manufacturing and marketing of research based ethical specialties and other pharmaceutical products. With effect from October 15, 2009 Pfizer Inc. has acquired WYETH LLC, USA. Accordingly Pfizer Inc. USA has become the ultimate parent USA of the company however, Wyeth LLC, USA continues to be the principal shareholder of the company. The stocks 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 symbol “WYETH” is being used by the stock exchanges for the shares of Wyeth Pakistan Limited.