January 4, 2016 - AsiaNet-Pakistan

Archive for January 4th, 2016

Hozpitality Group’s First Middle East Hospitality Excellence Awards 2015 Was a Grand Success

January 4, 2016 | General

DUBAI, United Arab Emirates, Jan. 04, 2016 (GLOBE NEWSWIRE) — Hozpitality Group’s first Middle East Hospitality Excellence Awards 2015 was a grand success with over 86 winners and runners up in different categories including Judges Choice winners. The award ceremony event took place on the evening of Monday, 23rd Nov 2015 in The Great Ballroom […]

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Board meeting of Shahtaj Sugar Mills Limited

January 4, 2016 | Board Meetings

Karachi, Shahtaj Sugar Mills Limited informed Karachi Stock Exchange about the board of directors meeting of the company scheduled to be held on December 30, 2015. The agenda of the meeting has decided to change the memorandum and article of association of the company to empower it for installation and running of a power project plant. The capital cost of this project will be Rs. 2.632 billion. The 50th annual general meeting of the company will be held on January 28, 2016. The agenda of the annual general meeting will be confirming the minutes of 49th annual general meeting held on January 27, 2015, consideration of the audited financial statement of the company for the year ended September 30, 2015, appointing and fixing the remuneration of the auditors. Further, the closed period of the company shall be from January 22 to January 29, 2016 both days inclusive. Shahtaj Sugar Mills Limited was incorporated in Pakistan on March 27, 1965 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacture of sugar from sugarcane. The company also produces Molasses which is a by-product extracted from sugarcane. The commercial production of the company started in November 1968. The stocks of the company are quoted on the Karachi and Lahore Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The mill is located at Mandi Bahauddin in Punjab. The crushing capacity of the mill is 8,000-10,000 metric tons sugarcane per day. The symbol “SHJS” is being used by the stock exchanges for the shares of Shahtaj Sugar Mills Limited.

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Suspension of trading in term finance certificates of Pakistan Mobile Communications Limited

January 4, 2016 | General

Karachi, Karachi Stock Exchange informed that trading in the shares of Pakistan Mobile Communications Limited shall remain suspended during the period from January 06 to January 15, 2016 and will remain on January 18, 2016. The book closure from Januar…

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Change of shares registrar of Mehran Sugar Mills Limited

January 4, 2016 | General

Karachi, Mehran Sugar Mills Limited informed Karachi Stock Exchange about the shares registrar appointment of M/s C and K Management Associated Private Limited in place of Evolution Factors Private Limited of the company with effect from January 01, 2016. The address of the share registrar is 404, Trade Tower, Abdullah Haroon Road, near Metropole Hotel, Karachi. The telephone number is (021) – 35687839, 3568930. Mehran Sugar Mill’s core business is sugar manufacturing and is involved both at farm and factory level. The company has invested in a JV ethanol company, Unicol Limited, which produces 30 Million litres annually by converting molasses into Ethanol. Unicol Limited is one of Pakistan’s leading ethanol producers and exporters. Mehran Sugar Mill manages 1,000 acres of farming as a separate profit centre with an objective to cultivate high yielding sugar cane varieties, which can be given to our farmers as seed to improve their future plantations. Mehran Sugar Mill Limited also manages an equity portfolio of Rs 250 Million with emphasis of investing in leading blue chip companies of Pakistan. The objective of the portfolio is to provide a diversified source of income, through dividends and capital gains.

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Extraordinary general meeting of Safe Mix Concrete Limited

January 4, 2016 | General

Karachi, Safe Mix Concrete Limited informed Karachi Stock Exchange about the extraordinary general meeting of the company scheduled to be held on January 26, 2016. The agenda of the meeting will be confirming the minutes of annual general meeting held on October 28, 2015 and election of the directors as fixed for period of three years. Further, the closed period of the company is from January 20 to January 26, 2016 both days inclusive. Safe Mix Concrete Products Limited is a company incorporated in Pakistan established in April, 2005 as a private limited company. The foundations of the company are laid under the Companies Ordinance, 1984. On February 21, 2007 the company was converted to a public limited company. The company is engaged in providing innovative solutions within the construction industry. The company has undertaken a number of projects such as Packages Bulleh Shah, Nestle Kabirwala factory, Bab-e-Pakistan. Creek Marina, Emaar Crescent Bay, Mabarak Center, DHA Riya Golf & Country Club, Lahore Ring Road, Creek Lodge, Gizri flyover, Dawood Islamic Tower, etc. The principal activity of the company is production and supply of ready mix concrete, building blocks and construction of pre fabricated buildings, factories and other construction sites. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Pakistan. The symbol “SMCPL” is being used by the stock exchanges for the shares of Safe Mix Concrete Products Limited.

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Transactions of shares of Power Cement Limited

January 4, 2016 | General

Karachi, Power Cement Limited informed Karachi Stock Exchange about transactions of shares of the company. 40,000,000 shares @ Rs. 10.01 per share were purchased in the market on December 28, 2015, and 66,050,000 shares @ Rs. 10.01 per share were purchased in the market on December 29, 2015 through CDC. Power Cement Limited formerly Al-Abbas Cement Industries Limited was established as a private limited company on December 1, 1981. On July 9, 1987 the company was converted into a Public Limited Company. The core operation of the company includes manufacturing and selling cement. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges in Pakistan. The registered office of the company is located in Karachi. Power Cement Limited is part of the Arif Habib Group which is related to securities brokerage, investment and financial advisory, investment management, commercial banking, commodities, and private equity cement and fertilizer industry. The symbol “POWER” is being used by the stock exchanges for the shares of Power Cement Limited.

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Transactions of 20,000 shares of Hira Textile Mills Limited

January 4, 2016 | General

Karachi, Hira Textile Mills Limited informed Karachi Stock Exchange about transactions of shares of the company.5000 shares @ Rs. 8.22 per share were purchased in the market on December 30, 2015, 5000 shares @ Rs. 8.25 per share were purchased in the market on December 31, 2015, 5000 shares @ Rs. 8.19 per share were purchased in the market on January 04, 2016, 5000 shares @ Rs. 8.49 per share were purchased in the market on January 04, 2016. Hira Textile Mills Limited was incorporated in Pakistan on January 31, 1991. The foundations of the company are laid under the Companies Ordinance, 1984. The company produces cotton yarn with the facility of an in house dying unit and Hira Terry manufactures towels. The stocks of the company are listed on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Lahore. The mill is located in Raiwind, District Kasur. The company has spinning, doubling and yarn dyeing machinery. The spinning units comprises of 40,000 spindles. The product range of the company varies from coarse counts to fine counts ranging from 4/1cd to 80/1cm, producing ring spun as well as compact spun yarns, slub and Lycra yarns. Hira Terry Mills limited is a jointly controlled association company located adjacent to the registered office at Lahore. The symbol “HIRAT” is being used by the stock exchanges for the shares of Hira Textile Mills Limited.

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Transactions of 500 shares of Jubilee Life Insurance Company Limited

January 4, 2016 | General

Karachi, Jubilee Life Insurance Limited informed Karachi Stock Exchange about transactions of shares of the company. 500 shares @Rs. 504 per share were purchase in the market on December 31, 2015 through CDC. Jubilee Life Insurance Company Limited incorporated in Pakistan on June 29, 1995 as a public limited company under the Companies Ordinance, 1984. The operations of the company started on June 20, 1996. The products and services which the company offers include individual life insurance, banc assurance, micro insurance, corporate insurance and priority insurance. The shares of the company are quoted at the Karachi Stock Exchange. The registered office of the company is located in Karachi. Jubilee Life Insurance is a subsidiary of the Aga Khan Fund for Economic Development, Switzerland. It is the economic development arm of the AKDN, a group of private, non-denominational development agencies. The sister concerns of the company are the Aga Khan University Hospital, Jubilee General Insurance Company Limited, the Aga Khan Health Services, Tourism Promotion Services, First Micro Finance Bank Limited, Habib Bank Limited, the Aga Khan Education Services and Focus Humanitarian Assistance. The international associate of the company includes Jubilee Insurance Kenya, Uganda, Tanzania, Burundi and Mauritius. The symbol “JLICL” is being used by the stock exchanges for the shares of Jubilee Life Insurance Company Limited.

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Transactions of shares of Gharibwal Cement Limited

January 4, 2016 | General

Karachi, Gharibwal Cement Limited informed Karachi Stock Exchange about transactions of shares of the company. Muhammad Tousif Peracha (CEO) were sold 3,790,000 shares @ Rs. 47.50 per share in the market through CDC and Mr. Abdur Rafique khan were sold 2,100,000 shares @ Rs. 47.50 per share in the market through CDC. Gharibwal Cement Limited is a company incorporated in Pakistan in December 29, 1960 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company are production and sale of Cement. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Lahore. The symbol “GWLC” is being used by the stock exchange for the shares of Gharibwal Cement Limited.

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Board meeting of Saudi Pak Leasing Company Limited

January 4, 2016 | Board Meetings

Karachi, Saudi Pak Leasing Company Limited informed Karachi Stock Exchange about the board meeting of the company will be held on January 06, 2016 at Karachi. The agenda of the meeting shall be consideration of annual accounts for the period ended June 2015. Further, the closed period of the company shall be from September 11, 2015 to January 06, 2016. Saudi Pak Leasing Company Limited was incorporated in January 1991. In October 1997, Saudi Pak Industrial & Agricultural Investment Company acquired the entire 30% shareholding of Standard Chartered Bank. SAPICO is the second largest of the three investment companies set up by the Government of Pakistan as joint venture with other sovereigns. The Saudi Arabian government holds 50% equity stake in SAPICO with the other 50% held by Pakistan. The Company has a seven member board of which three, including the CEO, represent SAPICO, two, the Piracha Group, and one each, the Premier Mercantile Services and NIT. SPLC is one of the largest leasing companies in Pakistan in terms of asset size. The registered office of the company is located in Karachi. The company is listed on all the three stock exchanges in Pakistan which are namely Karachi, Lahore and Islamabad stock exchanges. SPLCs main activity is writing full payout financial leases for establishing corporate entities. The preferred assets for leasing are machinery, computers, vehicles etc. The focus of the company is on the blue chip segment, which includes multinational companies and established local companies such as small and medium sector enterprise. The products of the company are for sole proprietorship, partnership concerns or even private limited companies. Its financial services are offered in various categories such as business and office equipment, manufacturing machinery, heavy machinery, medical equipment, automobiles and generators. The symbol “SPLC” is being used by the stock exchange for the shares of Saudi Pak Leasing Company Limited.

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Board of directors meeting of Mirza Sugar Mills Limited

January 4, 2016 | Board Meetings

Karachi, Mirza Sugar Mills Limited informed Karachi Stock Exchange about the board of directors meeting of company will be held on January 07, 2016 at Karachi. The agenda of the meeting shall be consideration of annual accounts for the year ended Septe…

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Declaration of right shares of Pak Elektron Limited

January 4, 2016 | General

Karachi, Pak Elektron Limited informed Karachi Stock Exchange about the board of the director meeting of the company scheduled to be held on January 04, 2016 at Lahore. The agenda of the meeting have to decide issue of 25% right shares (i.e. 25 right shares for every 100 existing shares held) at a premium of Rs. 30/ per share (total Rs. 40/ per share) to the existing shareholders of the company. Further, the closed period of the company shall be from January 25, January 31, 2016 both days inclusive. Pak Elektron Limited was incorporated in Pakistan on March 03, 1956 as a public limited company. The foundations of the company are developed under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of electrical capital goods and domestic appliances. It is currently organized into two main operating divisions the power division and appliances division. The stocks of the company are quoted on the Karachi Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located at Lahore. The activities of the company in the power division include manufacturing and distribution of transformers, switchgears, energy meters, power transformers, construction of grid stations and electrification works. The appliance division is associated with manufacturing, assembling and distribution of refrigerators, air conditioners, microwave ovens, televisions, generators and washing machines. The symbol “PAEL” is being used by the stock exchanges for the shares of Pak Elektron Limited.

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