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Home » Archive by Month

Article Archive for December 2016

Material Information of Bestway Cement Limited

December 30, 2016 – 12:03 pm | Comments Off on Material Information of Bestway Cement Limited

Karachi, Bestway Cement Limited informed Pakistan Stock Exchange that the Company is considering purchase of North Plant and related assets of Dewan Cement Limited. Further, the final outcome will be dependent upon due diligence and any eventual binding offer if made for purchase of the assets by the Company and acceptance of the same by the seller. Bestway Cement Limited is a public limited company incorporated in Pakistan on December 22, 1993. The foundation of the company is laid under the Companies Ordinance, 1984. The principal activity of the company is production and sale of cement. The products in which the company deals are Ordinary Portland Cement, Sulphate Resistant Cement, Quick Setting Cement, Low Alkali Ordinary Portland Cement and Clinker. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Islamabad. The symbol “BWCL” is being used by the stock exchanges for the shares of Bestway Cement Limited.

Subscription of Right shares of East West Life Assurance Company Limited

December 30, 2016 – 12:03 pm | Comments Off on Subscription of Right shares of East West Life Assurance Company Limited

Karachi, East West Life Assurance Company Limited informed Pakistan Stock Exchange that their right share subscription is under subscribed on the last payment date. Now the company arranges payment of under subscribed right shares as per term and condition of the underwriting agreement the Company. Further, the Company also furnished auditor certificate thereof confirming receipt of full amount in cash of right issue. East West Life Assurance Company Limited is a company established in the year 1992 at Quetta under the name of The Metropolitan Life Assurance Company of Pakistan Limited. The foundations of the company are laid under the Companies Ordinance, 1984. The name of the company was changed to East West Life Assurance Company Limited in 2008. The sponsors of the company were already engaged in general insurance business under the name of East West Insurance Company Limited. The company commenced underwriting life insurance business and made progress in the field of life and health insurance businesses. The company has nearly 20 offices nationwide and is a member of the Insurance Association of Pakistan. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The symbol “EWLA” is being used by the stock exchanges for the shares of East West Life Assurance Company Limited.

Resolution adopted of Bank Al-Habib Limited

December 30, 2016 – 12:03 pm | Comments Off on Resolution adopted of Bank Al-Habib Limited

Karachi, Bank Al-Habib Limited informed Pakistan Stock Exchange that the resolutions adopted by the shareholders in the extraordinary general meeting held on December 27, 2016 at Multan. Bank Al-Habib Limited is a banking company incorporated in Pakistan on October 15, 1991 as a public limited company under the Companies Ordinance, 1984. It is a scheduled bank principally engaged in the business of commercial banking. The registered office of the company is located in Multan and the principle place of business is located in Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The bank has a network of 320 branches, 96 sub-branches and 3 representative offices. The branch network of the bank includes a wholesale branch in the Kingdom of Bahrain, a branch in Karachi Export Processing Zone and 17 Islamic Banking Branches. The bank has also invested in 66.67% shares of Al-Habib Capital Markets Private Limited. The symbol “BAHL” is being used by the stock exchanges for the shares of Bank Al-Habib Limited.

Meeting in progress of Sindh Abadgar’s Sugar Mills Limited

December 30, 2016 – 12:03 pm | Comments Off on Meeting in progress of Sindh Abadgar’s Sugar Mills Limited

Karachi, Sindh Abadgar’s Sugar Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company is scheduled on December 30, 2016 hence it will be in progress. Sindh Abadgar’s Sugar Mills Limited is a company incorporated in Pakistan. The provisions and directives of the Companies Ordinance, 1984 prevail within the organization. The company is engaged in the business of manufacturing sugar. The registered office of the company is located in Karachi. The operations of the company are ISO certified. The factory of the company is located in Tando Mohammad Khan, Sindh. The symbol “SASML” is being used by the stock exchange for the shares of Sindh Abadgar’s Sugar Mills Limited.

Special resolution passed in annual general meeting of Archroma Pakistan Limited

December 30, 2016 – 12:03 pm | Comments Off on Special resolution passed in annual general meeting of Archroma Pakistan Limited

Karachi, Archroma Pakistan Limited informed Pakistan Stock Exchange about the special resolution passed at the 21st annual general meeting of the company held on December 30, 2016. 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.

Material Information of Archroma Pakistan Limited

December 30, 2016 – 12:02 pm | Comments Off on Material Information of Archroma Pakistan Limited

Karachi, Archroma Pakistan Limited informed Pakistan Stock Exchange that a cash dividend @ of 600% (Rs. 60.00 per share) of Rs. 2047 mio-on the paid-up capital as recommended by the directors be and is hereby approved to be paid to the shareholders whose names appear on the register of members of the Company on December 23, 2016. 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.