DIDI UPDATED CLASS PERIOD: ROSEN, TOP RANKED GLOBAL INVESTOR COUNSEL, Encourages DiDi Global Inc. Investors with Losses in Excess of $500K to Secure Counsel Before Important Deadline in Securities Class Action – DIDI

NEW YORK, July 30, 2021 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit expanding the Class Period on behalf of more purchasers of the securities of DiDi Global Inc. (NYSE: DIDI): (1) pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with DiDi’s June 30, 2021 initial public offering (the “IPO” or “Offering”); and/or (2) between June 30, 2021 and July 21, 2021, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 7, 2021.

SO WHAT: If you purchased DiDi securities during the expanded Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the DiDi class action, go to http://www.rosenlegal.com/cases-register-2113.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 7, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, the Registration Statement featured and defendants throughout the expanded Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Cyberspace Administration of China (“CAC”) urged DiDi to delay its IPO; (2) DiDi “had the problem of collecting personal information in violation of relevant PRC laws and regulations”; (3) DiDi could not guarantee data security; (4) due to the foregoing, DiDi would face “serious, perhaps unprecedented, penalties” from relevant authorities; (5) DiDi and its many apps would face an imminent cybersecurity review by the CAC, which could lead to removal of Didi’s apps from app stores; and (6) as a result, defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the DiDi class action, go to http://www.rosenlegal.com/cases-register-2113.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

Transaction of 29,850 shares of Lucky Cement Limited

Karachi, Lucky Cement Limited informed Pakistan Stock Exchange about transaction of shares of the company. 15,350 shares @ Rs. 900.57 per share were sold in the market on July 27, 2021 and 14,500 shares @ Rs. 903.63 per share were sold in the market on July 28, 2021 through CDC.

Lucky Cement is one of the largest producers and leading exporters of quality cement in Pakistan and is listed on the Pakistan Stock Exchange. Lucky Cement Limited was incorporated in Pakistan on September 18, 1993. The principal activity of the Company is manufacturing and marketing of cement.

The total number of Share of the Company are 323,375,000. The Earnings per share is 10.34 in 2020 which was 32.44 in 2019. The Profit after Taxation of the Company is 3,343,933,000 in 2020 which was 10,490,229,000 in 2019.

Transaction of 3,500 shares of Service Fabrics Limited

Karachi, Service Fabrics Limited informed Pakistan Stock Exchange about transaction of shares of the company. 1,000 shares @ Rs. 56.52 per share were bought from the market on July 29, 2021, 1,000 shares @ Rs. 56.60 per share were bought from the market on July 29, 2021, 1,000 shares @ Rs. 56.30 per share were bought from the market on July 29, 2021 and 500 shares @ Rs. 57.50 per share were bought from the market on July 29, 2021 through CDC.

Service Fabrics Limited (SFL) is a public limited company (listed on Stock Exchanges). The company was incorporated in 1987 and is equipped with 96 Sulzer shuttle less looms, sizing from Zell and warping from beginner. The project is situated at Manga, Lahore, with a capacity to produce nearly 20.000 million meters grey cloth per annum of various constructions. Almost entire production of the company is being exported to Far East & Europe with more than Rs. 725,000 million annual sales. In 1997, Service Fabrics was awarded a special merit trophy from the Federation of Pakistan Chamber of Commerce and Industry (FPCCI).

The symbol “SERF” is being used by the stock exchanges for the Service Fabrics Limited.

Annual General meeting of Summit Bank Limited

Karachi, Summit Bank Limited informed Pakistan Stock Exchange that the Annual General Meeting of the company held on July 28, 2021 for the financial years ended December 31, 2019 and December 31, 2020 by September 30, 2021 and December 31, 2021, respectively.

In October 2007, Arif Habib Securities Limited under the Scheme of Amalgamation set by the State Bank of Pakistan acquired the Pakistan Operations of Rupali Bank Limited; hence forming Arif Habib Bank. In 31st March 2010, Suroor Investments Ltd, a Mauritius based investment firm, acquired 59.41% stake in Arif Habib Bank Ltd from Arif Habib Securities Ltd, and on the 18th of August 2010, Arif Habib Bank Ltd was rebranded as Summit Bank Ltd.

Summit Banks parent company, Suroor Investments Ltd, later acquired majority shares of MyBank Ltd and Atlas Bank Ltd in Pakistan. The operations of the later mentioned banks were then merged under the single umbrella of Summit Bank Ltd, thus expanding the Bank’s network to more than 193 Branches.

The company is listed on Pakistan Stock Exchange and the total numbers of shares of the Company are 2,638,151,060. The Earnings per shares of the Company was (3.32) in 2018 which was (0.86) in 2017. The company had a loss of Rs. 8,751,073,000 in 2018 compared to the loss of Rs. 1,939,850,000 in 2017.

Transmission of Quarterly Report for the Period Ended May 31, 2021 of Wyeth Pakistan Limited

Karachi, Wyeth Pakistan Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended May 31, 2021 have been transmitted through PUCARS and is also available on Company’s website.

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.

Transmission of Quarterly Report for the Period Ended June 30, 2021 of Mehran Sugar Mills Limited

Karachi, Mehran Sugar Mills Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended June 30, 2021 have been transmitted through PUCARS and is also available on Company’s website.

Mehran Sugar is Pakistan’s leading producer and marketer of both white and brown sugar. The company also has investments in an ethanol facility as well as in blue chip companies listed on the Karachi Stock Exchange. Mehran was founded in 1965 as a Public Limited company and is quoted on the Karachi Stock Exchange. The company has thrice been awarded the prestigious top 25 KSE company award. The basic purpose of our Enterprise is to perpetuate as a Public Limited Company engaged in manufacturing and marketing white refined cane sugar, food products, sugar byproducts and other products wherein management or sponsors have expertise. In addition, we preserve to assume a leadership position in related industry regarding quality of the product, cost effectiveness, turnover and technology.

The symbol “MRNS” is being used by the stock exchanges for the shares of Mehran Sugar Mills Limited.

Material Information of Telecard Limited

Karachi, Telecard Limited informed Pakistan Stock Exchange that it is now a Shariah Compliant Company based on the Shariah Compliance Screening conducted by Al-Hilal Shariah Advisors (Pvt.) Limited. As such the Company has successfully cleared 4 out of 5 shariah screening filters.

Telecard Limited is a company incorporated in Pakistan on October 29, 1992 as a public limited company. The company is licensed to provide fully integrated telecommunication services, including basic wireless telephony, long distance and international services and payphones. The shares of the company are quoted on the Karachi and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Islamabad.

The subsidiary companies of the group are super net Limited, Telecard Asia (UK) Limited, Telecard E-Solutions Private Limited, Telegateway Limited, Nexus Communications Private Limited, Glitz Communication Private Limited and Globetech Communication Private Limited.

The symbol “TELE” is being used by the stock exchanges for the shares of Telecard Limited.

Transmission of Quarterly Report for the Period Ended June 30, 2021 of Imperial Sugar Limited

Karachi, Imperial Sugar Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended June 30, 2021 have been transmitted through PUCARS and is also available on Company’s website.

Imperial Sugar Limited is a public limited company, incorporated on May 9th, 2007 to undertake Sugar and Allied businesses. The company acquired two Sugar plants and one Ethyl Alcohol (Ethanol) Distillery in the year 2007. After completion of these acquisitions and approval of the SECP and KSE, the Company was listed on Karachi Stock Exchange on August 13th, 2008.

In order to recover a huge amount of Carbon Dioxide Gas (CO2) that is produced during the fermentation process of Molasses, a state of the art CO2 Recovery Plant with 48 Metric Tons/Day capacity was bought from Italy, which is currently under erection and installation process. It is worth mentioning that no distillery in Pakistan but one other than ours has the CO2 recovery system installed. Elsewhere in Pakistan, CO2 produced during fermentation process is exhausted in the atmosphere and thus wasted.

The Symbol “IMSL” is being used by the stock exchange for Imperial Sugar Limited.

Material Information of JS Investments Limited

Karachi, JS Investments Limited informed Pakistan Stock Exchange that Board of Directors of JS Investments Limited, the management company of the subject funds, approved the merger of IS VF (“the merging scheme”) with and into JS GF (the ‘surviving scheme’). Whereby, subject to the approvals by the unit holders of the schemes, Securities and Exchange Commission and other regulatory requirements, the net assets of IS VF will be transferred to IS GF on the effective date to be announced by the management company in due course.

As a consideration, the unit holders of IS VF will be issued units of 1S GF based on the swap ratio of the effective date of merger. The management company believes that the merger will give the unit holders of surviving scheme to benefit from economies of scale due to lower expense ratio, resulting in fulfilling the investment objectives and policies more economically and efficiently. It may please be noted that, the investment amount of all the unit holders will remain unaffected except for the impact of capital gain tax, where applicable.

The units of the surviving scheme will be issued to the unit holders of the merging scheme (as a consideration) in accordance with the swap ratio to be determined on the basis of the net assets of each of the schemes on the effective date. The management company in due course will be presenting the subject scheme of merger to seek approval of the respective unit holders of these schemes in their separately convened meetings.

JS Investments Limited was incorporated in Pakistan on February 22, 1995. The company is a subsidiary of JS Bank Limited which is a subsidiary of JSCL (Jahangir Siddiqui & Co. Limited), Ultimate Parent. The company is engaged in asset management and pension fund management.

JS Investments Limited (JSIL) (estd. 1995) is the private sector Asset Management Company in Pakistan. JSIL offers a wide range of investment products including mutual funds, voluntary pension schemes, and Separately Managed Accounts (SMAs) to cater to the needs of individual and institutional investors. The company has played a key role in defining the standards of Asset Management industry in Pakistan.

The total number of shares of the Company is 61,774,256. The Earning per shares are (0.64) in 2020 which was (1.17) in 2019. The Company had a loss of 39,801,000 in 2020 which was 86,645,000 in 2019.

Transmission of Quarterly Report for the Period Ended June 30, 2021 of Shakarganj Mills Limited

Karachi, Shakarganj Mills Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended June 30, 2021 have been transmitted through PUCARS and is also available on Company’s website.

Shakarganj Mills Limited is a company incorporated in Pakistan as a public limited company. The foundations of the company are laid under the postulates of the Companies Ordinance, 1984. It is principally engaged in manufacture, purchase and sale of sugar, bio fuel, building materials, yarn (textile) and engaged in generation and sale of electricity (bio power). The manufacturing facility of the company is located at Jhang and satellite manufacturing facilities at Bhone. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the Company is situated at Lahore.

The symbol “SGML” is being used by the stock exchange for the shares of Shakarganj Mills Limited.

Change of Chief Executive of Dadex Eternit Limited

Karachi, Dadex Eternit Limited informed Pakistan Stock Exchange that Mr. Samad Dada has been appointed as Director of the Company with effect from June 28, 2021 in place of Mr. Qazi Sajid Ali.

Dadex Eternit Limited is a Pakistan-based company, which manufactures and sells construction materials, including piping systems and other allied products manufactured from chrysotile cement rubber and plastics, and merchandises imported pipe fittings, accessories and other building products.
The Company was incorporated in Pakistan as a Public Limited Company on April 13, 1959.

The Company’s segments include Chrysotile Cement, which relates to the manufacturing and supply of corrugated sheets and pipes, and the manufacturing and supply of rubber rings; Plastic products, which includes polyvinyl chloride (PVC), Polydex and Polyethylene pipes, and Others, which includes merchandising of other imported building products and services.

The total shares of the Company are 10,764,000. The Earnings per shares are (33.59) in 2020 which was (18.16) in 2019. The Company had a loss of 361,519,000 in 2020 which was 195,528,000 in 2019.

Material Information of AGP Limited

Karachi, AGP Limited informed Pakistan Stock Exchange that after securing requisite approvals, the Company, along with its parent company Aitken Stuart Pakistan Private Limited, through a special purpose vehicle – the company, has successfully acquired a portfolio of 22 pharmaceutical brands from Sandoz AG, a company organized under the laws of Switzerland, which are commercialized in Pakistan under the Sandoz brand.

AGP Limited (AGP) began its commercial operations in 1989 as an independent pharmaceutical manufacturing company in Karachi, Pakistan. It has steadily grown through manufacturing and marketing products under licensing arrangements with many companies of international repute and also through manufacturing and marketing its own brands. Today, it is one of the largest pharmaceutical companies in Pakistan, providing a broad range of pharmaceutical products. The determination to upgrade the pharmaceutical resources of Pakistan and improvement of the quality of life of a common man was the key motivating factors in the inception of AGP.

The operations of AGP include manufacturing, marketing and sales of pharmaceuticals and healthcare products in the domestic and export market. The delivery of AGP’s products, across the country, is managed by one of the largest and state of art pharmaceutical distribution set ups in Pakistan.