AGC Signs Agreement for Acquisition of Leading Biopharmaceutical CDMO, CMC Biologics

TOKYO, Dec. 20, 2016 /Kyodo JBN-AsiaNet/ — AGC Asahi Glass (“AGC”), a world-leading manufacturer of glass, chemicals and high-tech materials, announced on December 20 that it has entered into an agreement to acquire 100% of the shares in CMC Biologics (“CMC”), a world-leading biologics active pharmaceutical ingredient (“API”) manufacturer with major investors including Monitor Clipper […]

Material Information of Silk Bank Limited

Karachi, Silk Bank Limited informed Pakistan Stock Exchange that the board of directors of the Bank in its 155th meeting held on December 20, 2016, has allotted the remaining 1,282,052,282 right shares to the prospective shareholders subject to the regulatory approvals. Silk Bank Limited was incorporated in Pakistan on April 4, 1994 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The bank commenced its commercial operations on May 7, 1995. The bank is engaged in the banking services as described in the Banking Companies Ordinance, 1962. The bank operates through 88 branches including 10 Islamic Banking branches in Pakistan. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the bank is located at Karachi. The major share holding of the bank i.e. 82.406% in the bank as on September 30, 2013 is held by a consortium comprising of International Finance Corporation, Nomura European Investment Limited, Bank Muscat S.A.O.G. and executives of the Sinthos Capital Advisors Limited. The symbol “SILK” is being used by the stock exchanges for the shares of Silk Bank Limited.

Election of Directors of Mirpurkhas Sugar Mills Limited

Karachi, Mirpurkhas Sugar Mills Limited informed Pakistan Stock Exchange that 8th persons have filed with the Company notice of their intention to offer themselves for election as Directors at the ensuing annual general meeting of the Company scheduled to be held on December 30, 2016 at Mirpurkhas. Mirpurkhas Sugar Mills Limited is a Public Limited Company, was established in 1964, its principal activity is manufacturing and selling of sugar. It is located about 300 km from the port city of Karachi, in Mirpurkhas and is listed on the Pakistan Stock Exchange Limited. The Company has a crushing capacity of 7,500 tons per day and is one of the most efficient sugar mills in Pakistan. Moreover, it is involved in development of higher yield sugarcane varieties on its 1,300 acre experimental farms. The symbol “MIRKS” is being used by the stock exchanges for the shares of Mirpurkhas Sugar Mills Limited.

Appointment of Chief Executive of Dawood Hercules Corporation Limited

Karachi, Dawood Hercules Corporation Limited informed Pakistan Stock Exchange about appointment of Mr. Inam ur Rehman as Chief Executive of the Company on November 29, 2016 with effect from December 01, 2016. Dawood Hercules Corporation Limited formely known as Dawood Hercules Chemicals Limited was incorporated in Pakistan on April 17, 1968 as a public limited company. The foundations of the company have been laid using the Companies Ordinance, 1984.The principal activities of the business are to manage the investments in its subsidiary and associated companies. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The registered office of the company is located in Karachi. Business interests of the company include DH Fertilizers Limited, Dawood LAwrencepur Limited, Tenaga Generasi Limited, Pebbles Private Limited, Inbox Business Technologies Private Limited, Elixir Securities Pakistan Private Limited and Cyan Limited. The symbol “DAWH” is being used by the stock exchanges for the shares of Dawood Hercules Corporation Limited.

Change of Chief Financial Officer of International Steels Limited

Karachi, International Steels Limited informed Pakistan Stock Exchange about appointment of Mr. Tauqir Hassan as Chief Financial Officer of the company in place of Mr. Rashid Umer Siddiqui with effect from December 19, 2016. International Steels Limited was incorporated on 3 September 2007 as a public unlisted company limited by the International Industries Limited. The foundations of the company are developed under the Companies Ordinance, 1984. The primary activities of the Company are business of manufacturing of cold rolled steel coils and galvanized sheets. The production capacity of the company is 250,000 tons per annum of cold rolled coils from which 150,000 tons is Hot Dipped Galvanized Steel. The commercial operations of the project initiated in January 1, 2011. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The equity contributions of the company come from Sumitomo Corporation and International Finance Corporation which has develop the country’s engineering and hi-tech manufacturing industries. The group organizations of the company include International Steel Limited, Pakistan Cables Limited and International Industries Limited. The company has an Effluent Treatment Plant and an 18MW gas fired power plant. The power plant has started production and supplying to the KESC. The symbol “ISL” is being used by the stock exchange for the shares of International Steel Limited.

Material Information of Indus Motor Company Limited

Karachi, Indus Motor Company Limited informed Pakistan Stock Exchange that board of directors of the company have today passed a resolution accepting the resignation of Mr. Yoshiyuki Matsuo as the Director of the Company with effect from January 01, 2017 and has appointed Mr. Sadatoshi kashihara as Director of the Company. Indus Motor Company Limited is a public limited company incorporated in 1989 in Pakistan. The commercial production by the company started in May 1993. The company operates as a joint venture between the House of Habib, Toyota Motor Corporation and Toyota Tsusho Corporation of Japan. The operations of the company include assembling, manufacturing and marketing of Toyota and Daihatsu brand automobiles for domestic consumption. The company deals in the production of passenger cars, SUV’s, four wheel drives and commercial vehicles. The company deals in the production of passenger cars, SUV’s, four wheel drives and commercial vehicles. The manufacturing facility is located in Port Qasim, Karachi. The registered office of the company is also located in Karachi. The stocks of the company are quoted on the Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The product is delivered nationwide through a strong network of 37 independent dealership spread across Pakistan. The workforce employed by the organization is more than 2000 workers. The production system of the company is built on application of Just-In-Time and Jidoka. The symbol “INDU” is being used by the stock exchange for the shares of Indus Motor Company Limited.