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.
Category: Material Information