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Daily Archives: December 6, 2016

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.

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Transaction of 4,000 shares of Engro Fertilizers Limited

Karachi, Engro Fertilizers Limited informed Pakistan Stock Exchange about transaction of shares of the company. 1,000 shares @ Rs. 65.21 per share were sold in the market on December 02, 2016 and 3,000 shares @ Rs. 66 per share were sold in the market on December 05, 2016 through CDC. Engro Fertilizers Limited is a wholly owned subsidiary of Engro Corporation which incorporated in June 29, 2009 under the Companies ordinance, 1984 in Pakistan. Nitrogenous urea, phosphate & blended fertilizers, and micronutrients are imported, manufactured and sold by the company. Other activities include training and educating the farmers for generating a better yield. The registered office of the company is located in Karachi and the manufacturing facility is located in Daharki. The shares of the company are quoted on Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The product line of the company includes Nitrogenous urea, phosphate & blended fertilizers, and micronutrients. The products of the company include Engro Urea, Engro DAP, Engro Zorawar, Engro Zarkhez and Zingro. The symbol “EFERT” is being used by the stock exchange for the shares of Engro Fertilizers Limited.

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Financial results of Husein Industries Limited for quarter ended March 31, 2015

Karachi, Husein Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on December 06, 2016. The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2015 which portrayed a loss of Rs. 8,062 with loss per share 0.76 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Husein Industries Limited was incorporated in 1951 as a manufacturer and exporter of textile products. The company’s manufacturing activities includes spinning, weaving and processing of home textile and apparel. The products of the company range from bedding, curtains, cushions, blankets and other apparels. The registered office of the company is located in Karachi. The symbol “HUSI” is being used by the stock exchange for the shares of Husein Industries Limited.

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Dispatch of final dividend warrants of Pioneer Cement Limited

Karachi, Pioneer Cement Limited informed Pakistan Stock Exchange that the dividend warrants in respect of final dividend @ Rs. 3.75 per share, i.e. 37.50% for the year ended June 30, 2016 have been dispatched by registered post or through courier service on December 05, 2016. Pioneer Cement Limited was incorporated in Pakistan as a public limited company by shares on February 09, 1986. The principal activity of the Company is manufacturing and sale of cement. The shares of the company are quoted on Karachi, Lahore and Islamabad Stock Exchanges in Pakistan. The registered office of the company is located in Lahore. The production plant of the company is situated in district Khushab. The company commenced its operations with an installed capacity of 2,000 tons per day clinker. During 2005, the capacity was optimized to 2,350 tons per day. During the year ended June 30, 2006, another production line of 4,300 tons per day clinker capacity was completed which started commercial operations from April 2006. The company is ISO 14001-2004 and ISO 9001-2008 certified. The symbol “PIOC” is being used by the stock exchange for the shares of Pioneer Cement Limited.

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Resolution adopted at the extraordinary general meeting of Dawood Lawrencepur Limited

Karachi, Dawood Lawrencepur Limited informed Pakistan Stock Exchange that the resolution adopted by the shareholders of the Company at the extraordinary general meeting of the company held on December 06, 2016 at Karachi. The agenda of the meeting is to approve the transfer of 77,931,896 shares of the Dawood Hercules Private Limited by the Company to Mozart Private Limited a wholly owned subsidiary of the Company in consideration of the internal restructuring. Dawood Lawrencepur Limited was incorporated in Pakistan in 2004 as a public listed company formed as a result of a Scheme of Arrangement for Amalgamation in terms of the provisions of the Companies Ordinance, 1984 between Dawood Cotton Mills Limited, Dilon Limited, Burewala Textile Mills Limited and Lawrencepur Woolen and Textile Mills Limited. In the year 2008 the company suspended its manufacturing operations located at Burewala, District Vehari and closed down the mill in 2009. All assets relating to the closed down unit have been classified as discontinued operations. The registered office of the company is located In Karachi. The shares of the company are listed on the Karachi and Lahore Stock Exchanges. The company is engaged in the business of manufacturing fabrics using natural and man made fibers and blends thereof. It is also engaged in the business of trading and marketing renewable energy solutions, mainly solar, to domestic and industrial consumers. The company possesses investments in associates such as Dawood Hercules Corporation Limited. It is also a member of Karachi Chamber of Commerce and Industry. The symbol “DLL” is being used by the stock exchanges for the shares of Dawood Lawrencepur Limited.

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Board meeting of Philip Morris Pakistan Limited

Karachi, Philip Morris Pakistan Limited informed Pakistan Stock Exchange that the board of directors of the Company in its meeting held on December 05, 2016 approved the sale of Company’s idle property situated in Karachi. Phillip Morris Pakistan Limited was incorporated on February 10, 1969. It is a publically listed company under the Companies Ordinance 1984. The company is a subsidiary of Phillip Morris International Inc., through Phillip Morris Investment B.V. and Phillip Morris Brands Sarl. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges. Its core activities include manufacturing tobacco and cigarettes. The registered office of the company is located in Karachi. The company acquired a major stake in the business in 2007. The company has a tobacco-leaf threshing plant, three cigarette manufacturing factories and sales offices across the country. The employee strength amounts to around 2,500 people. The symbol “PMPK” is being used by the stock exchanges for the shares of Phillip Morris Pakistan Limited.

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Annual general meeting of Archroma Pakistan Limited to be held on December 30, 2016

Karachi, Archroma Pakistan Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on December 30, 2016 at Karachi. The agenda of the meeting to receive and approve the audited financial statements for the period ended September 30, 2016, to approve final cash dividend @ 600% i.e. Rs. 60/- per share as recommended by the Board and to approve appointment of external auditors for the year 2017 and fix their remuneration. Further, the closed period of the company is from December 23, 2016 to December 30, 2016 (both days inclusive). Archroma Pakistan Limited is a company incorporated in Pakistan The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the business of producing textile, paper and emulsions businesses of Clairants. The products of the company fall under the category of apparel, home textiles, technical textiles and carpets. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi. The symbol “ARPL” is being used by the stock exchanges for the shares of Archroma Pakistan Limited.

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