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The Karachi Stock Exchange (Guarantee) Limited’s extension in time for placement of companies in the non-compliant segment of the exchange

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Karachi: Whereas the following companies subsequent to issuance of Show Cause Notices and in consideration of the response / reply as well as hearing their managements, were allowed extension in time for placement in the Non-Compliant Segment, the last extension is up to June 30, 2011.

 

S.No.Name of Companies
1.Silkbank Limited
2.Samba Bank Limited
3.All Asghar Textile Mills Limited
4.Khalid Siraj Textile Mills Limited
5.Olympia Spinning and Weaving Mills Limited
6.Olympia Textile Mills Limited
7.Taha Spinning Mills Limited
8.ICC Textile Limited
9.Mohammad Farooq Textile Mills Limited
10.Baba Farid Sugar Mills Limited
11.Dewan Sugar Mills Limited
12.Altern Energy Limited
13.Balochistan Glass Limited
14.Frontier Ceramics Limited
15.Dewan Salman Fibre Limited
16.Al-Abbas Cement Industries Limited
17.Maple Leaf Cement Factory Limited
18.MACPAC Films Limited
19.Haji Mohammad Ismail Mills Limited
20.Leather Up Limited
21.Ruby Textile Mills Limited
22.Sothern Networks Limited
23.S.G. Power Limited
24.Southern Electric Power Company Limited
25.Network Microfinance Bank Limited
26.NIB Bank Limited
27.AMZ Ventures Limited

 

AND WHEREAS the companies have again requested to allow further extension in time for placement in the Non-Compliant Segment under Listing Regulation No.30(2) i.e. failed to declare divided / bonus for five years.

AND WHEREAS after consideration of the explanations / reasons, it has been decided to allow all the companies further extension in time for placement, in the Non-Compliant Segment of the Exchange upto June 30, 2012.

For more information, contact:
Muhammad Ghufran
DGM Companies Affairs
Karachi Stock Exchange
Tel: +9221 111 001 122
Fax: +9221 3241 0825, +9221 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

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