Financial results of Tri-Pack Films Limited for Quarter ended June 30, 2021

Karachi, Tri-Pack Films Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 10, 2021.

The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2021 which portrayed a profit of Rs. 276,225 with earnings per share 7.12 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Tri-Pack Films Limited was incorporated in Pakistan on April 29, 1993 as a public limited company. It is principally engaged in the manufacturing and sale of Biaxial Oriented Polypropylene (BOPP) film and Cast Polypropylene (CPP) film. Its head office is based in Karachi and regional offices are located in Karachi, Lahore and Hattar.

Since inception the Company has come a long way from one BOPP Line of 5,400 tons to four BOPP Lines of 66,800 tons and two CPP Lines of over 17,000 tons.

The total number of share are 38,800,000. The Earnings per share is 15.83 in 2020 which was (7.98) in 2019. The Profit after tax of the Company is 614,111,000 in 2020 which was (309,814,000) in 2019.

Notice of Extension for completion of winding up proceedings of Balochistan Particle Board Limited

Karachi, Balochistan Particle Board Limited informed Pakistan Stock Exchange that the extension of time for conclusion of winding up proceedings was applied and the honorable High Court of Sindh was pleased to grant extension of sixty days to conclude the winding up proceedings.

Baluchistan Particle Board Limited is a Public Listed Company formerly engaged in the manufacture of particle board, formaldehyde and formaldehyde based resin (glue), it also operates Urea Formaldehyde Division continued to remain closed on account of prevailing adverse conditions. Company’s present business operations comprise of letting out part of its premises to third parties for purpose of storage and the conduct of their commercial operations.

The total number of shares the company has introduced are 6,000,000. The Earnings per share is (0.15) in 2019 which was (0.03) in 2018. The Company had a loss of 907,000 in 2019 compare to 181,000 in 2018.

Unpaid Rights of Image Pakistan Limited

Karachi, Image Pakistan Limited informed Pakistan Stock Exchange that National Clearing Company of Pakistan Limited declares unpaid Rights, eligible for the clearing and settlement through National Clearing and Settlement system.

Image Pakistan Limited, formerly Tri-Star Polyester Limited, was incorporated in Pakistan as a Public Limited Company on November 14, 1990 under Companies Ordinance, 1984. The Company is a Polyester Filament Yarn manufacturing plant established in 1992 and is situated at S.I.T.E., Karachi having a capacity of 4,200 tons/annum based on 75 denier.

The symbol “TRPOL” is being used by the stock exchanges for the Tri Star Polyester Limited.

Board of directors meeting of Dandot Cement Company Limited

Karachi, Dandot Cement Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 09, 2021 at Lahore.

Dandot cement Company Limited is a public limited company, was incorporated in Pakistan, on 1980. The company started its production on March 01, 1983 and has been engaged in production and marketing of cement.

Dandot Cement Plant was installed in 1982 by State Cement Corporation of Pakistan. The plant was supplied and erected by Mitsubishi Heavy Industries (MHI) Japan. The kiln was designed for a rated capacity of 1,000 M.Ton of clinker per day. The company is a subsidiary of Calicom Industries (Pvt.) Limited.

The total number of shares of the Company are 94,840,000. The Earnings per shares of the company is (7.33) in 2020 which was 6.59 in 2019. The Profit After Taxation in 2020 is (695,056,000) which was 624,545,000 in 2019.

Annual general meeting of Sui Southern Gas Company to be held on August 10, 2021

Karachi, Sui Southern Gas Company informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on August 10, 2021 at Karachi.

The agenda of the meeting will to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2020 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending June 30, 2021 and fix their remuneration and to transact any other business with the permission of the chair.

Sui Southern Gas Company Limited’s main activity is transmission and distribution of natural gas in Sindh and Baluchistan. The Company is also engaged in certain activities related to the gas business including the manufacturing and sale of gas meters and construction contracts for laying of pipelines.

The total number of shares are 880,916,400. The Earnings per share is (20.88) in 2019 which was (16.86) in 2018. The Company had a loss of Rs. 18,394,768,000 in 2019 which was 14,848,208,000 in 2018.

Financial results of National Investment Unit Trust for Year ended June 30, 2021

Karachi, National Investment Unit Trust informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 10, 2021.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 3,161,347

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

National Investment Unit Trust (NIUT) is the Pakistan’s largest and oldest Mutual Fund. The portfolio of NIUT Fund carries an investment of around Rs. 63.581 Billion invested in over 389 listed companies as on March 31, 2016. The Fund belongs to around 48,376 unit holders.

The National Investment Trust Limited (NITL) is the first Asset Management Company of Pakistan, formed in 1962 had Funds under management of approximately Rs. 88 billion, with around 54,864 unit holders as on March 31, 2016. NIT’s distribution network comprises of 23 Branches, Sarmayakari Markaz at Abbottabad, Investor Facilitation Centre at Karachi & various Authorized Bank Branches all over Pakistan.

Recently, Central Depository Company of Pakistan Limited (CDCPL) has been appointed as the new Trustee of NIUT Fund with the approval of Regulatory Authority.

The symbol “NIUT” is being used by the stock exchange for National Investment Unit Trust.

Extraordinary General Meeting of Highnoon Laboratories Limited

Karachi, Highnoon Laboratories Limited informed Pakistan Stock Exchange that an Extraordinary General Meeting of the shareholders of the Company will be held on August 31, 2021 at Lahore, to transact, to confirm the minutes of the Annual General Meeting held on April 27, 2021.

Highnoon Laboratories Limited was incorporated in March 1984 as a Private Limited Company in the historical and cultural city of Lahore, Pakistan. It became Public Limited Company in 1995 and the shares of the Company are listed on all the stock exchanges of Pakistan.

Right from its inception, alliance with some of the best-known research houses of the global pharmaceutical industry were forged by Highnoon. These alliances coupled with aggressive yet ethical marketing activities enabled Highnoon to become the first pharmaceutical Company of Pakistan origin to be in the top twenty league of Pakistan pharmaceutical industry.

Equally responsible for Highnoon’s success is the unshakeable consumer confidence that the Company has been able to build on the quality of its products manufactured in its ISO 9001:2008 approved facility.
Highnoon is continuously re-aligning its portfolio to ensure that it is able to harness opportunities. At the same time, the Company is modernizing its plant, by investing in new equipment and technology to upgrade its manufacturing facilities to comply with ‘Current Good Manufacturing Practices (cGMP)’.
Highnoon’s therapeutic focus in Cardiology, Gastroenterology, Respiratory and Diabetics has led to the development of franchises, which are now the most admired in the healthcare industry. Highnoon has since then, marched ahead introducing state of the art products and setting new trends.

The symbol “HINOON” is being used by the stock exchange for the shares of Highnoon Laboratories Limited.

PolkaFoundry to List on AscendEX

Singapore, Aug. 09, 2021 (GLOBE NEWSWIRE) — AscendEX, a global cryptocurrency financial platform with a comprehensive product suite, is excited to announce the listing of PolkaFoundry token (PKF) under the pair USDT/PKF on Aug 10 at 1 p.m. UTC.

PolkaFoundry is a platform for building borderless and frictionless DeFi and NFT dapps on Polkadot. PolkaFoundry aims to be the most convenient platform for developers to build DeFi and NFT dapps, providing a platform for making dapps easily accessible to mainstream end-users. PolkaFoundry will achieve this by utilizing Polkadot’s interoperability and scalability and integrating various DeFi-friendly services onto the platform. In addition, PolkaFoundry focuses heavily on ensuring the UX and features of their dApps are simple to use, promoting mainstream adoption.

The native token PKF has several utilities, including payment for services and transaction fees in the PolkaFoundry ecosystem and payments for PolkaFoundry’s partners’ services. In addition, PKF is used for staking and governance so users can earn shares of block rewards and participate in the on-chain governance process to earn additional rewards for voting on proposals.

PolkaFundry believes that the most significant barrier to blockchain adoption is the complexity of the UX on most platforms and dApps. The average person has difficulty engaging with crypto projects because many projects did not design their UX’s for mainstream users. Concepts like wallets, private keys, coins, exchanges, etc. require education and can confuse new users leaving many dApps with a small active user base. Polkafoundry has spent years researching dapp UX’s and has used their research to develop the UX built into PolkaFoundry to enable novice users and professionals to access and use the platform easily.

Polkadot promises a fast-growing ecosystem that offers security, scalability, and interoperability, so PolkaFoundry decided to build its platform on it. To enable dapps to port from Ethereum, PolkaFoundry is EMV-compatible. PolkaFoundry’s foundational goal is to bring the benefits of blockchain to the masses by making its products and services accessible to people outside the crypto community.

About AscendEX 

AscendEX (formerly BitMax) is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions.

AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum.  AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.AscendEX.com.

For more information and updates, please visit:

Website: https://ascendex.com

Twitter: https://twitter.com/AscendEX_Global

Telegram: https://t.me/AscendEXEnglish

Medium: https://medium.com/ascendex

About Polkafoundry

PolkaFoundry is a platform for building borderless and frictionless DeFi and NFT dapps on Polkadot. PolkaFoundry aims to be the most convenient platform for developers to build DeFi and NFT dapps providing a platform for them to make dapps that are easily accessible to end-users.

For more information and updates, please visit:

Website: https://polkafoundry.com/

Twitter: https://twitter.com/PolkaFoundry

Telegram: https://t.me/PolkaFoundry

Attachment

Marketing Department
AscendEX
marketing@ascendex.com

Kinesio® Announces the Release of Kinesio® Medical Taping for the Mature Adult

Albuquerque, New Mexico, Aug. 09, 2021 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE

Kinesio Tape is announcing a new focus on Medical Taping for the Mature Adult, though Kinesio and Dr. Kenzo Kase® have been treating this population for more than 40 years.

In his new book, Dr. Kase provides easily relatable scenarios that affect the mature adult community on a daily basis. He draws upon his own experiences in an insightful and interesting way that allows readers to see a glimpse into the mind of the inventor. Kinesio Medical Taping (KMT) techniques were developed in a clinical environment and aim to improve patient outcomes in palliative care while offering visual aides to guide you every step of the way.

This book outlines ways to help provide care for mature adult patients while using a specifically formulated tape that is designed to be gentle but still effective in treating common conditions that the mature adult often faces such as osteoarthritis and diabetic neuropathy. Kinesio Tex Light Touch+ is the only tape of its kind on the market that is specifically formulated to be gentler on the skin while achieving phenomenal results. Dr. Kase’s expertise and over 40 years of valuable experience combined with this specially formulated line of tape is the perfect recipe for maximum impact.

Kinesio Tape is designed and manufactured in the USA, and proudly serves more than 100 countries globally. With the introduction of Kinesio Medical Taping for the Mature Adult, Dr. Kase’s vision to Tape with Wisdom has taken yet another form. With Dr. Kase’s expertise and his many full years of experience traveling the globe and teaching the method, he has already impacted the lives of thousands of people. Kinesio Medical Taping for the Mature Adult will only add to that impact and encourage the mature adult to continue living a healthy, happy, and active lifestyle.

About Kinesio Holding Corporation:  Kinesio Holding Corporation is a U.S. based manufacturer of unique therapeutic tapes that are sold all over the world. The Kinesio Taping® Method is designed to facilitate the body’s natural healing process while allowing support and stability to muscles and joints without restricting the body’s range of motion.  

Attachment

Karli Jenkins
Kinesio Holding Corporation
505-797-7818
kjenkins@kinesiotaping.com

Annual Financial Budget of Kohinoor Energy Limited

Karachi, Kohinoor Energy Limited informed Pakistan Stock Exchange that the Board of Directors of the Company in their meeting held on August 09, 2021 at Lahore has approved the Annual Financial Budget of the Company for the Financial Year 2021-22.

“Kohinoor Energy Limited is a company incorporated in Pakistan on April 26, 1994 as a public limited company. The foundation of the company is laid under the Companies Ordinance, 1984. The principal activity of the company is to own, operate and maintain a power plant of 124 MW capacity in Lahore and to sell the electricity produced therefrom to a sole customer, the Pakistan Water and Power Development authority under a power purchase agreement for a term of 30 years which commenced from June 19, 1997. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Islamabad.

The symbol “KOHE” is being used by the stock exchanges for the shares of Kohinoor Energy Limited.”

Resignation of External Auditor of Leather up Limited

Karachi, Leather up Limited informed Pakistan Stock Exchange that Meeting of the Board of Directors of the Company held on August 09, 2021. The Directors have duly approved resignation letter dated July 29, 2021 of the External Auditors M/s Abdan and Company for the audit of year ending June 30, 2021 with mutual consent.

“Leather Up Ltd endeavors to translate its expertise and experience in manufacturing and exporting top-class Leather Bags, Leather Garments and other Leather Goods to wholesalers, dealers, designers and brands worldwide. Leather Up Ltd is one of Pakistan’s leading manufacturers and exporters of finished vintage leather bags and leather garments from Pakistan to the overseas market, where we design, manufacture and distribute top quality leather goods, which express ones fashion statement besides adding distinctive character to ones personality.

We embrace our business objective to become Pakistan’s largest Leather Goods manufacturer and exporter with an aim at fulfilling the exacting needs of our clients, which so far commands 100% satisfaction through our distinctive blend of optimal quality of products, commitment and excellence.”

Meeting in Progress of Engro Polymer and Chemicals Limited

Karachi, Engro Polymer and Chemicals Limited informed Pakistan Stock Exchange that the Board of Directors Meeting being held on August 10, 2021 through video-link is in progress.

“The company was set up in 1997 by the name of Engro Asahi Polymer and Chemical Ltd. It was a joint venture between Engro Chemical, Asahi Glass Company and Mitsubishi Corporation to set up a 100,000 ton capacity PVC plant at Port Qasim. The plant came into commercial operation in 1999.

In 2006, Asahi Glass divested from the business and Engro Chemical acquired its shareholding. The name of the company was changed to Engro Polymer & Chemicals Limited. The registered office of the company is located in Karachi.

Other than producing caustic soda, sodium hypochlorite, EDC and VCM, Engro Polymer & Chemicals Limited is also the manufacturer of PVC resin in Pakistan.

The symbol “EPCL” is being used by the stock exchange for the shares of Engro Polymer and Chemicals Limited.”