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Miscellaneous

This category covers all Miscellaneous news from Asianet Pakistan

Transactions of 21,909 shares of Crescent Cotton Mills Limited

Karachi: Crescent Cotton Mills Limited informed Karachi Stock Exchange about transactions of shares of the company. Mrs. Shireen Abid w/o Mr. Abid Mehmood, Director of the company transacted 21,909 shares through CDC. The Crescent Cotton Mills Limited is a public limited company incorporated on March, 1959 in Pakistan under the Companies Ordinance, 1984. The company is engaged in business of textile manufacturing comprising of spinning, combing, weaving, dyeing, bleaching, printing, stitching, buying, selling and otherwise dealing in yarn, cloth and other goods and fabrics made from raw cotton and synthetic fiber. This assists in generating, accumulating, distributing, supplying and selling of electricity. The Company also operates a cold storage unit. The shares 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 closure of sugar as well as distillery units of the company the management and the board of directors considered changing the name of the company. On May 02, 2012 the name of the company was changed to “Crescent Cotton Mills Limited” from “Crescent Sugar Mills & Distillery Limited”. Crescot Mills Limited is the only subsidiary of the company with 66.15% holding. Due to heavy losses the company has ceased all production activities since August, 1998 and has disposed off some of its plant and machinery. The management of the Company has got the Company de-listed from the Karachi Stock Exchange The symbol “CCM” is being used by the stock exchanges for the shares of Crescent Cotton Mills Limited.

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Notice of book closure of NIB Bank Limited

Karachi: NIB Bank Limited informed Karachi Stock Exchange about book closure of profit payment and redemption of 2nd TFC issue of NIB Bank Limited due on June 19, 2015. The closed period of the company is from June 10, 2015 to June 19, 2015 (both days inclusive). NIB Bank Limited is incorporated in Pakistan the operations of which started in October, 2003. It is a scheduled commercial bank and is principally engaged in the business of banking as defined in the Banking Companies Ordinance, 1962. The business of the bank is Consumer Banking, Commercial Banking and Wholesale Banking. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The registered office of the bank is located in Islamabad. The bank is a subsidiary of Bugis Investments (Mauritius) Pte. Limited which is a wholly owned subsidiary of Fullerton Financial Holdings Pte. Limited which in turn is a wholly owned subsidiary of Temasek Holdings, an investment arm of the Government of Singapore. Temasek Holdings of Singapore continues to be the largest single investor in NIB Bank with a stake in excess of 88%. The branch network of the bank includes 179 branches across the country. The symbol “NIB” is being used by the stock exchanges for the shares of NIB Bank Limited.

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Transaction of 32,500 shares of Bolan Castings Limited

Karachi: Bolan Castings Limited informed Karachi Stock Exchange about transaction of shares of the company. Mian Muhammad Saleem sold 32,500 shares in the market on May 14, 2015 through CDC. Bolan Castings Limited is a company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The company was incorporated on July 15, 1982. The company is engaged in the business of manufacturing and selling castings for tractors and automotive parts which includes Grey Iron Castings and Spheroidal Graphite/ Nodular/ Ductile Iron Castings. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Balochistan. The symbol “BCL” is being used by the stock exchanges for the shares of Bolan Castings Limited.

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