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Daily Archives: December 8, 2016

Extraordinary general meeting of Shaffi Chemical Industries Limited to be held on December 30, 2016

Karachi, Shaffi Chemical Industries Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on December 30, 2016 at Khyber Pakhtoonkhwa. The agenda of the meeting will to contest the election of directors. Further, the closed period of the company is from December 23, 2016 to December 30, 2016 (both days inclusive). Shaffi Chemical Industries Limited is a company incorporated in Pakistan on September 27, 1994 as a public limited company and the foundations of the company are laid under the Companies Ordinance, 1984. The principal business activity is the manufacturing of Di-Octyl Ortho Phthalates, commonly known as DOP which is an industrial raw material and is used by the Foam, Plastic, Conduit Pipe Making, Cable, Footwear and Artificial Leather Industry. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Khyber Pakhtunkhuwa. The symbol “SHCI” is being used by the stock exchange for the shares of Shaffi Chemical Industries Limited.

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Resignation of Director of Byco Petroleum Pakistan Limited

Karachi, Byco Petroleum Pakistan Limited informed Pakistan Stock Exchange about resignation of Mr Muhammad Raza Hasnani as Director of the company with effect from November 21, 2016. The casual vacancy shall be filled by the board within the prescribed time. Byco Petroleum Pakistan Limited was incorporated in Pakistan as a public limited company on January 9, 1995. The foundations of the company are laid under the Companies Ordinance, 1984. The certificate of commencement of business was awarded to the company on March 13, 1995. Byco Oil Pakistan Limited is the parent company and holds 82.27% shares in the company. It is a wholly owned subsidiary of Byco Industries Incorporated, Mauritius which acts as the ultimate parent company. The company is principally engaged in the production, marketing and sale of petroleum products. The shares of the company are listed on Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office is situated at Karachi. The company operates using two major activities namely Oil Refinery Business and Petroleum Marketing Business. Crude oil refining business commenced in 2004 with a rated capacity of 35,000 barrels per day. It is engaged in the business of refining crude oil into various saleable components including Liquefied Petroleum Gas, Light Naphtha, Heavy Naphtha, High Octane Blending Component, Motor Gasoline, Kerosene, Jet Fuels, High Speed Diesel and Furnace Oil. The Oil Refinery is located at Hub, Balochistan. Petroleum Marketing Business was launched in 2007 and comprises 231 retail outlets across the country. The wholly owned subsidiary of the company is Byco Terminal Pakistan Limited incorporated in Pakistan as a private limited company on June 14, 2002. The symbol “BYCO” is being used by the stock exchanges for the shares of Byco Petroleum Pakistan Limited.

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Transaction of 3,000 shares of International Industries Limited

Karachi, International Industries Limited informed Pakistan Stock Exchange about transaction of shares of the company. 2,000 shares @ Rs. 189.00 per share, 1,000 shares @ Rs. 188.50 per share were bought from the market on December 06, 2016 through CDC. The International Industries Limited was established as Sultan Chinoy & Company in Pakistan in 1948. Later it was incorporated as International Industries Limited along the development process. It became a public limited company in 1984. IIL is in the business of producing of GI pipe, steel tubes and pipes, API line pipe & polyethylene line pipes globally. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The manufacturing capacity of the company is 300,000 tons of small diameter steel pipe with OD range (12.70mm – 168mm). The company has plant and storage area of 25 acres along with a power generating capacity of 4MW. The symbol “INIL” is being used by the stock exchange for the shares of International Industries Limited.

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Extraordinary general meeting of Maple Leaf Cement Factory Limited to be held on December 30, 2016

Karachi, Maple Leaf Cement Factory Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on December 30, 2016 at Lahore. The agenda of the meeting to elect eight directors of the company as fixed by the Board of Directors. Further, the closed period of the company is from December 23, 2016 to December 30, 2016 (both days inclusive). Maple Leaf Cement Factory Limited was incorporated in Pakistan on April 13, 1960 as a public company limited. The foundations of the company are laid under the Companies Ordinance, 1984 by shares. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The principal activity of the company is production and sale of cement. It is a subsidiary of Kohinoor Textile Mills Limited. The registered office of the company is located at Lahore. The cement factory is located at District Mianwali in the province of Punjab. The products of Maple Leaf Cement factory are Ordinary Portland Cement with a capacity of 11,700 tons per day and White Cement with a present capacity of 500 tons per day. The company has developed a niche market for specialized cement such as sulphate resistant cement, low alkali cement and oil well cement. It is the only local cement manufacturer producing oil well cement. The symbol “MLCF” is being used by the stock exchanges for the shares of Maple Leaf Cement Factory Limited.

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Extraordinary general meeting of Lucky Cement Limited to be held on December 30, 2016

Karachi, Lucky Cement Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on December 30, 2016 at Khyber Pakhtunkhwa. The agenda of the meeting will be confirming the minutes of the 23rd annual general meeting held on October 29, 2016. Further, the closed period of the company is from December 19, 2016 to December 30, 2016 (both days inclusive). Lucky Cement Limited was incorporated in Pakistan on September 18, 1993 under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and marketing of cement. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The company has also issued Global Depository Receipts which are listed and traded on the Professional Securities Market of the London Stock Exchange. The registered office of the Company is located at Khyber Pakhtunkhwa. The company has two production facilities in Khyber Pakhtunkhwa and at Karachi. The production capacity of the company is approximately 7.75 million tons per annum. The company exports sizeable quantities of loose cement and has its own loading and storage terminal at Karachi Port. The company is ISO 9001:2008 and 14001:2004 certified. It also possesses many other international certifications including Bureau of Indian Standards, Sri Lankan Standard Institute, Standards Organization of Nigeria, Kenya Bureau of Standards and South African Bureau of Standards. The symbol “LUCK” is being used by the stock exchanges for the shares of Lucky Cement Limited.

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Material Information of Chakwal Spinning Mills Limited

Karachi, Chakwal Spinning Mills Limited informed Pakistan Stock Exchange that Khawaja Mohammad Kaleem Director of the Company has sold 100,000 shares on December 07, 2016. Chakwal group has around 160,000 spindles, which are operationally organized into 6 spinning units; the entire machinery is from world-renowned manufactures. Chakwal Spinning consists of 34,552 Spindles. The flag ship company of Chakwal Group is Kohinoor Spinning comprising of 80,000 spindles, distributed into three separate units which are tailor made to make specialized yarns. The unit has its own in house doubling and is capable of producing 75 tons of cotton and blended yarn per day. The symbol “CWSM” is being used by the stock exchanges for the shares of Chakwal Spinning Mills Limited.

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Material Information of Yousaf Weaving Mills Limited

Karachi, Yousaf Weaving Mills Limited informed Pakistan Stock Exchange that Khawaja Mohammad Javed Director of the Company has sold 532,500 shares of the Company on December 07, 2016. Yousaf Weaving Mills Limited is a company incorporated in Pakistan as a public limited company on January 17, 1988. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is engaging in the business of textile weaving, spinning and sale of processed fabrics, home textile and dairy products. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Chakwal. The symbol “YOUW” is being used by the stock exchange for the shares of Yousaf Weaving Mills Limited.

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