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Daily Archives: January 14, 2016

Change in Venue for holding annual general meeting of Thal Industries Corporation Limited

Karachi, Thal Industries Corporation Limited informed Pakistan Stock Exchange about change in venue for holding annual general meeting of the company on January 30 for year ended September 30, 2015 at Lahore instead of Multan. The Thal Industries Corporation Limited is a public limited company incorporated in Pakistan on September 7, 1953. The foundation of the company is formed under the Companies Ordinance, 1984. The company is principally engaged in production and sale of sugar and its by-products. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Multan. The company produces several grades of quality sugar and is involved in the co-generation to export surplus electricity to the national grid. The company has two sugar manufacturing units namely Layyah Sugar Mills with a crushing capacity of 12,000 TCD and Safina Sugar Mills with a crushing capacity of 7,500 TCD. The symbol “TICL” is being used by the stock exchanges for the shares of the Thal Industries Corporation Limited.

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Packages Limited agreed renunciation of letter of rights of Tri-Pack films Limited

Karachi, Packages Limited informed Pakistan Stock Exchange that Syed Hyder Ali has agreed with Mitsubishi Corporation of Japan for the renouncement by Mitsubishi Corporation in favor of letter of rights of Tri-Pack Films Limited in respect of 200,000 right shares of that company (Tri-pack Films) being issued. These shares are in addition to the rights shares offered by Tri-Pack to me on my existing shareholding in Tri-Pack Films. Mitsubishi Corporation will continue to hold its current shareholding in Tri-Pack Films Limited but will not subscribe the rights shares offered to it. However, it has agreed to renounce the letters of rights in respect of such rights shares as to 2,000,000 shares in favor of IGI Insurance and 200,000 shares in favor of Syed Hyder Ali, a Director of IGI Insurance and of Tri-Pack Films Limited. Packages Limited is a public limited company incorporated in Pakistan. The company is principally engaged in the manufacture and sale of paper, paperboard, packaging materials and tissue products. 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 in Karachi. On September 17, 2012 the company has entered into a 50/50 joint venture with the ‘Stora Enso OYJ Group’ of Finland in its 100% wholly owned subsidiary Bulleh Shah Packaging Private Limited. The Joint Venture will include Paper & Paperboard and Corrugated business operations at Kasur and Karachi and will involve initial equity participation of Stora Enso of 35% by way of subscription of right shares with a commitment to increase the shareholding to 50% at a later stage subject to certain conditions being met. The company also decided to close down its Paper and Paperboard operations in Lahore which has divided the business into continuing and discontinued operations. The symbol “PKGS” is being used by the stock exchanges for the shares of Packages Limited.

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Transaction of 6,220 shares of Otsuka Pakistan Limited

Karachi, Otsuka Pakistan Limited informed Pakistan Stock Exchange about transaction of shares of the company. Mrs. Shama Nazim Feroz wife of Mr. Nazimuddin Feroz, Director of the company has acquired privately 6,220 shares @ Rs. 81.00 per share on January 13, 2016. Otsuka Pakistan Limited is a company incorporated in Pakistan as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is an indirect subsidiary of Otsuka Pharmaceutical Company Limited, Japan. The principal activity of the company is manufacturing, marketing and distribution of intravenous infusions and trading in pharmaceutical products, nutritional foods and medical equipment. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office and the company is located at Karachi. The symbol “OTSU” is being used by the stock exchange for the shares of Otsuka Pakistan Limited.

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Notice of book closure of Pakistan Oilfields Limited

Karachi, Pakistan Oilfields Limited informed Pakistan Stock Exchange that the executives and directors of the company shall not deal directly/indirectly in the shares of the company during the closed period. The closed period of the company is from January 15, to January 28, 2016 (both days inclusive). Pakistan Oilfields Limited was incorporated in Pakistan on November 25, 1950. It is a subsidiary of the Attock Oil Company Limited. In 2005 the company acquired 25% shares within National Refinery Limited. This enabled the company in acquiring a refining complex which manufactures fuel products and lube base oils. The company is listed on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Rawalpindi. The operations of the company include exploration and production of oil and gas. It also manufactures LPG, solvent oil and sulphur. The existing brand of the company is named POLGAS and subsidiary brand CAPGAS private limited. The symbol “POL” is being used by the stock exchange for the shares of Pakistan Oilfields Limited.

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