Tusk Limited Announces the Market’s Largest Deal

LONDON, Dec. 05, 2022 (GLOBE NEWSWIRE) — Tusk Inc Limited (tusklimited.com), one of the world’s leading manufacturers of solar modules and complete solutions, recently launched new products such as the T.640 Solar Unit, T.150 Solar Panel with Crypto miner (complete), T.640 Solar panel with Crypto Miner, and so on. And these have piqued the interest of industry professionals. The reason is simple. Power consumption for crypto mining can be burdensome. This new technology platform is the result of feedbacks from miners and has been met with development and testing, hence this announcement.

Charging speed, battery life, security guarantees, and user experience have all improved over previous innovations. The T.640 Solar Panel Kit is compatible with a wide range of devices, tools, equipment, home and electronic industries, including cryptocurrency miners and provides security, long backup, and other areas, regarding power supply.

Tusk Inc has tested the efficiency of combining their solar products with cryptocurrency miners over time with their recent transition from polycrystalline to photovoltaic materials, and this has proven to be the most effective. Tusk Inc investors can now mine their coins with ease and maximum profit.

You do not have to worry about electricity, which has been a major issue for miners. There is 5-10 years guarantee on the panels, ensuring that they can be used for a longer period of time while you still make money from mining. This is the combination of good products.

About Tusk
Established in 2012 by team of management experts, and later joined by a team of technology experts, Tusk Inc. is now one of the leading electrical solution providers. They pride themselves also in their ability to manage risk effectively, since they have been in the business of managing risks for over a decade. And through several advancements in technology, they have incorporated less risky ventures into the Risk Management system, one of which is cryptocurrency mining, using photovoltaic materials.

PR Manager
John Walls
john@tusklimited.com
(+44)7451214344

GlobeNewswire Distribution ID 1000770519

Transaction of 45,500 shares of Kohinoor Mills Limited

Karachi, Kohinoor Mills Limited informed Pakistan Stock Exchange about transaction of shares of the company. 25,000 shares @ Rs. 33.35 per share were bought from the market on December 01, 2022 and 20,500 shares @ Rs. 35.38 per share were bought from the market on December 02, 2022 through CDC.

“Kohinoor Mills Limited is a public limited company incorporated on 21 December 1987 in Pakistan. The Company is principally engaged in the business of textile manufacturing covering weaving, bleaching, dyeing, buying, selling and otherwise dealing in yarn, cloth and other goods and fabrics made from raw cotton and synthetic fiber and to generate, and supply electricity. The company is involved in three major businesses; Weaving, Dyeing & finishing and Energy.

The total number of shares of the Company is 50,911,011. The Earnings per shares of the Company is 7.17 in 2020 which was 14.31 in 2019. The Profit after Taxation is 365,213,000 in 2020 which was 728,751,000 in 2019.”

Transaction of 965,000 shares of Interloop Limited

Karachi, Interloop Limited informed Pakistan Stock Exchange about transaction of shares of the company. 965,000 shares @ Rs. 56.99 per share were bought from the market on December 02, 2022 through CDC.

“Interloop Limited was incorporated in Pakistan on 25th April, 1992 as a private limited company. On 18th July 2008, the Company was converted into public limited company and subsequently, on 5th April 2019, it was publicly listed on Pakistan Stock Exchange. The Company is engaged in the business of manufacturing and sale of socks, leggie, denim and yarn, and generating electricity for its own use.

The total numbers of shares 872,197,450. The Earnings per share is 2.06 in 2020 which was 6.67 in 2019. The Profit after Taxation is 1,796,403,000 in 2020 which was 5,194,767,000 in 2019. “

Material Information of Pakistan Engineering Company Limited

Karachi, Pakistan Engineering Company Limited informed Pakistan Stock Exchange that Mr. Mohammad Hassan lqbal has appointed as Managing Director of the company. The Board of Directors of the company in its meeting held on October 14, 2022 ratified the aforementioned appointment.

“Pakistan Engineering Company Limited is principally engaged in the manufacturing and sale of engineering products. The major products of the company are electricity transmission and communication towers, electric motors, pumps and steel rolled products etc.

The total number of shares are 5,690,200. The Earnings per shares is (12.29) in 2018 which was 11.73 in 2017. The Profit After Taxation in 2018 is (69,956,000) which was 66,734,000 in 2017.”

Appointment of Chairman and Chief Executive Officer of the Jahangir Siddiqui and Co. Limited

Karachi, The Jahangir Siddiqui and Co. Limited informed Pakistan Stock Exchange that the board of directors of the company has been appointed Mr. Agha Rafiq Ahmed Khan as Chairman and Mr. Asad Nasir as chief Executive Officer of the Company for a period of three years.

“Jahangir Siddiqui & Co. Ltd. (JSCL) is primarily an investment company in financial services and also makes long term investments in growing companies in Pakistan. In financial services, its investments cover all sectors including asset management, commercial banking, investment banking, Islamic banking, securities brokerage and insurance. JSCL also benefits from strategic long term investments including in technology, transportation, media, and industrial sector companies.

The Company is now listed on Pakistan Stock Exchange Limited and quoted shares of it that are 915,942,388. The Earnings per shares of the Company is 1.32 in 2020 which was 0.39 in 2019. Their Profit after Taxation is 1,205,007,000 in 2020 which was 359,810,000 in 2019.”

Appointment of Chief Financial Officer Indus Dyeing and Manufacturing Company Limited

Karachi, Indus Dyeing and Manufacturing Company Limited informed Pakistan Stock Exchange that Mr. Muhammad Waseem Umer has been appointed as Chief Financial Officer of the Company with effect from December 02, 2022 in place of Mr. Zahid Mehmood.

“Indus Dyeing and Manufacturing Company Limited were incorporated in Pakistan on July 23, 1957 as a public limited Company. The principal activity of the company includes manufacturing and sale of yarn.
The manufacturing facilities of the company are located in Karachi, Hyderabad and Muzaffargarh. The company is also operating two ginning units.

The shares of the Company are 54,221,193. The Earnings per shares of the Company is 52.76 in 2020, which was 95.40 in 2019. Their Profit after Taxation is 953,617,000 in 2020, which was 1,724,254,000 in 2019.

The symbol “IDYM” is used by the stock Exchange for trading the shares of lndus Dyeing & Manufacturing Company Limited.”

Appointment of Head of Internal Audit of the Loads Limited

Karachi, Loads Limited informed Pakistan Stock Exchange that Mr. Muhammad Anas has been appointed as Head of Internal Audit of the Company with effect from December 01, 2022 in place of Mr. Khawaja M Akber.

“Loads Limited was established on January 1, 1979 as a private limited company with the objective of manufacturing exhaust systems, radiators, and sheet metal components for the automotive industry. The Company was converted to public limited company in January 12, 1994. The company offered its shares to the general public and was listed on Pakistan stock exchange on November 1, 2016.

The Company has four wholly owned subsidiaries, namely, Specialized Auto parts Industries (Private) Limited, Multiple Auto parts Industries (Private) Limited, Specialized Motorcycles (Private) Limited and Hi-tech Alloy Wheels Limited (formerly known as Hi-tech Auto parts (Private) Limited).

The total numbers of shares are 251,250,000. The Earnings per share is (0.91) in 2020 which was 0.27 in 2019 The Profit after Taxation is (137,331,000) in 2020 which was 41,229,000.”

Transaction of 113,600 shares of Matco Foods Limited

Karachi, Matco Foods Limited informed Pakistan Stock Exchange about transaction of shares of the company. 56,800 shares @ Rs. 0.00 per share were gift out from the market on December 02, 2022 and 56,800 shares @ Rs. 0.00 per share were gift in the market on December 02, 2022.

“Matco Foods Limited was incorporated as a private limited company. The principal activity of the Company is to carry out the business of processing, export of rice, rice glucose, rice protein and trade of biscuits, pink salt, bran oil, masala and kheer.

The total numbers of shares are 122,400,698. The Earnings per share is 1.24 in 2020 which was 3.38 in 2019. The Profit after taxation of the Company is 151,928,000 in 2020 which was 413,836,000 in 2019. “

Extraordinary general meeting of Sapphire Textile Mills Limited

Karachi, Sapphire Textile Mills Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on December 27, 2022 at Karachi.

Further, the closed period of the company is from December 21, 2022 to December 27, 2022 (both days inclusive).

“Sapphire Textile Mills Limited was incorporated in Pakistan on 11 March 1969 as a public limited company. The Company is principally engaged in manufacturing and sale of yarn, fabrics, home textile products, finishing, stitching and printing of fabrics.

The total numbers of shares are 21,689,791. The Earnings per share is 55.03 in 2020 which was 121.31 in 2019. The Profit after Taxation of the Company is 1,179,089,000 in 2020 which was 2,559,440,000 in 2019.”

Extraordinary general meeting of Sapphire Fibres Limited

Karachi, Sapphire Fibres Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on December 27, 2022 at Karachi.

Further, the closed period of the company is from December 21, 2022 to December 27, 2022 (both days inclusive).

“Sapphire Fibres Limited was incorporated in Pakistan on June 5, 1979 as a Public Company. The Company is principally engaged in manufacture and sale of yarn, fabrics and garments.

Sapphire Fibres Limited (SFL) is a vertically integrated composite textile unit, manufacturing cotton yarn, fabric and garments. SFL is the flagship company of the Sapphire Group. Manufacturing units are located in the province of Punjab at Raiwind Road Lahore, Feroze Wattoan /Kharianwala, district Sheikhpura consisting of 99,024 spindles, 9 fabric dyeing, 9 yarn dyeing , 92 knitting and 282 stitching machines.

The total number of shares the company has introduced are 20,671,875. The Earnings per share is 55.61 in 2020 which was 36.72 in 2019. The Profit After Taxation is 1,125,323,000 in 2020 which was 759,197,000 in 2019.”

Extraordinary general meeting of Reliance Cotton Spinning Mills Limited

Karachi, Reliance Cotton Spinning Mills Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on December 27, 2022 at Karachi.

Further, the closed period of the company is from December 21, 2022 to December 27, 2022 (both days inclusive).

“Reliance Cotton Spinning Mills Limited was incorporated in Pakistan on June 13, 1990 as a public limited company. The principal activity of the Company is manufacturing and sale of yarn.

Reliance cotton spinning mills ltd. Sapphire group had installed the Latest Machinery with capacity to produces Premium quality yarn from 6 Ne to 80 Ne (single & double), plied, Slubs, mélanges, blends and variety of other yarns from Special Fibers.

The total numbers of shares are 10,292,000. The Earnings per share is 26.64 in 2020 which was 37.96 in 2019. The Profit after Taxation is 274,182,000 in 2020 which was 390,682,000 in 2019.”

Appointment of Causal Vacancy of Oilboy Energy Limited

Karachi, Oilboy Energy Limited informed Pakistan Stock Exchange that Mr. Abdul Ghaffar has been appointed as Director of the company with effect from December 02, 2022 in place of Ms. Gull Zaiba Jawad.

“Oilboy Energy Limited formerly known as Drekkar Kingsway Limited was registered on June 28, 1993 as Private Limited Company and was subsequently converted into Public Limited Company as on June 29, 1994. The principal activity of the company was manufacturing of all type of electrical appliances, cosmetics, toiletries, leather goods, machinery, components and parts.

In 1996, the company sold its plant and machinery. The company is currently engaged in making equity investments in undervalued profitable situations.

The total numbers of shares are 10,000,000. The (0.68) in 2020 which was (0.07) in 2019. The Company had a loss of Rs. 6,809,000 in 2020 which was 716,000 in 2019.”