Day: March 20, 2023

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2023 China International Big Data Industry Expo confirmed 93 enterprises to participate in the exhibition including Huawei and Alibaba

GUIYANG, China, March 20, 2023 /Xinhua-AsiaNet/– On March 17, it is learned from the exhibition group of 2023 China International Big Data Industry Expo Executive Committee that so far 93 enterprises including China Electronics Corporation, Huawei and Alibaba have confirmed to participate in the Expo, which will be held from May 26th to 28th this year.

China International Big Data Industry Expo 2023

The Expo exhibition group general contact Luo Geng introduced that this year the Expo will set up six offline theme exhibition halls, including international pavilion, east number west calculation pavilion, digital industry pavilion, industry digital pavilion, innovation scene pavilion and digital life pavilion. The Expo plans to attract 320 enterprises to exhibition, focusing on new technologies, new products, new plans, new applications of big data field, and the exhibition area covers 60,000 square meters. The Expo exhibition group has issued invitations to big data industry-related enterprises to participate. Now, 93 enterprises have been confirmed to participate in the exhibition, including 12 international enterprises and 81 domestic enterprises.

The Expo will roll out professional customized exhibition routes. Focusing on the needs of enterprises and the hot areas of the industry, the professional customized exhibition routes will be designed such as “east number and west calculation”, data element circulation, intelligent manufacturing, data security, smart city and cloud services and so on.

For more information, please visit: https://www.bigdata-expo.cn/

Source: 2023 China International Big Data Industry Expo Executive Committee

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Annual general meeting of Tri-Pack Films Limited to be held on April 10, 2023

Karachi, Tri-Pack Films Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on April 10, 2023 Through video Link.

The agenda of the meeting will be confirming the minutes of Annual General Meeting held on April 20, 2022, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended December 31, 2022 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending December 31, 2022 and fix their remuneration and to transact any other business with the permission of the chair.

Further, the closed period of the company is from April 04, 2023 to April 10, 2023 (both days inclusive).

“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.”

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Transmission of Annual Report for the Year Ended December 31, 2022 of Tri-Pack Films Limited

Karachi, Tri-Pack Films Limited informed Pakistan Stock Exchange that Annual Report of the Company for the year ended June 30, 2022 have been transmitted through PUCARS and is also available on Company’s website.

“Tri-Pack Films Limited is a joint venture between Mitsubishi Corporation of Japan and Packages Limited of Pakistan. The company was incorporated as a Public Limited Company on April 29, 1993. The foundations of the company are laid under the Companies Ordinance, 1984. It produces Biaxially Orientated Polypropylene Films in Pakistan. The company produces Transparent, Pearlized and Metallized films in different varieties and thickness ranging from 12 to 60 micron. 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 “TRIPF” is being used by the stock exchanges for the shares of Tri-Pack Films Limited.”

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Extraordinary general meeting of Sazgar Engineering Works Limited to be held on March 18, 2023

Karachi, Sazgar Engineering Works Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on March 18, 2023 at Karachi.

The agenda of the meeting to elect the directors of the company for a period of three years commencing from March 20, 2023.

“Sazgar Engineering Works Limited was incorporated on 21st September 1991 as a Private Limited Company and later converted into a Public Limited Company on the 21st of November 1994. The Company is engaged in the manufacture and sale of automobiles, automotive parts and household electric appliances.

Sazgar is a premier manufacturer of CNG 4 Stroke Auto Rickshaw (3 Wheelers) and Automotive Wheel Rims. With manufacturing facilities based in Pakistan and a Global Dealer Network, Sazgar is leading the market in Pakistan and also exporting to international markets.

The total number of shares of the Company are 46,496,893. The Earnings per share is 0.96 in 2020 which was 3.04 in 2019. The Profit After Taxation is 27,634,000 in 2020 which was 81,997,000 in 2019.”

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Board Meeting in Progress of IGI life Insurance Company Limited

Karachi, IGI life Insurance Company Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on March 20, 2023 Through video link. To consider the Annual Financial statements for the period ended December 31, 2022 is in progress.

“IGI Life Insurance Limited was incorporated in Pakistan on October 9, 1994 as a public limited company. The Company is engaged in life insurance, carrying on both participating and non-participating business. The Company is also engaged in providing Shariah Compliant family takaful products as an approved window takaful operator. The Company is a subsidiary of IGI Holdings Limited.

The registered office of the Company is situated at 7th Floor, The Forum, Suite No. 701-713, G-20, Block 9, Khayaban-e-Jami, Clifton, Karachi which is also the principal office of the Company.

The total numbers of shares are 170,567,200. The Earnings per share is (0.56) in 2020 which was (1.29) in 2019. The Company had a loss of Rs. 95,725,000 in 2020 which was 176,718,000 in 2019.”

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Election of Directors of United Bank Limited

Karachi, United Bank Limited informed Pakistan Stock Exchange about election of directors at 64th annual general meeting of the bank scheduled held on March 29, 2023 at Islamabad.

“United Bank Limited is a banking company incorporated in Pakistan and is engaged in commercial banking and related services. The Bank is a subsidiary of Bestway (Holdings) limited which is a wholly owned subsidiary of Bestway Group Limited.

With a customer base of over 4 million, the Bank boasts Pakistan’s widest network of over 44,000 customer touch points; this includes more than 1,400 branches, above 37,000 Omni Agents and over 1,400 ATMs. UBL has presence in four continents.

The total number of shares of the Company are 1,224,179,688. The Earnings per share I s17.07 in 2020 which was 15.63 in 2019. The Profit after tax is 20,898,783,000 in 2020 which was 19,133,774,000 in 2019.”

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Transaction of 3,500 shares of Habib Bank Limited

Karachi, Habib Bank Limited informed Pakistan Stock Exchange about transaction of shares of the company. 3,500 shares @ Rs. 78.50 per share were sold in the market on March 17, 2023 through CDC.

“Habib Bank Limited is incorporated in Pakistan and is engaged in commercial banking related services in Pakistan and overseas. The Aga Khan Fund for Economic Development (AKFED), S.A. is the parent company of the Bank and its registered office is in Geneva, Switzerland.

The Government of Pakistan privatized HBL in 2004 through which Aga Khan Fund for Economic Development (AKFED) acquired 51% of the Bank’s shareholding and the management control. The remaining 41.5% shareholding by the GoP was divested in April 2015. AKFED continues to retain 51% shareholding in HBL while the remaining shareholding is held by individuals, local and foreign institutions and funds including CDC Group Public Limited Company which holds 5% and International Finance Corporation which holds 3%.

The Bank is listed on Pakistan Stock Exchange. The shares of the bank are 1,466,852,508. Its Earnings per shares is 21.49 in 2020 which was 10.27 in 2019. Their Profit after Taxation is 31,523,682,000 in 2020 which was 15,064,189,000 in 2019.”

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Extraordinary general meeting of Ittehad Chemicals Limited to be held on March 28, 2023

Karachi, Ittehad Chemicals Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on March 28, 2023 at Lahore.

Resolved that the transactions carried out in the normal course of business with related parties and associated companies as disclosed in Note # 48 of the Financial Statements for the year ended June 30, 2022, be and are hereby ratified and approved.

“Ittehad Chemicals Limited was established in 1962 under the name of United Chemicals. The operations of the company were commissioned in 1964. Under the Economic Reforms Order, United Chemicals was nationalized in 1971 along with other industries of the country and renamed as Ittehad Chemicals. The company was incorporated on September 28, 1991 and the factory was later denationalized in 1995 by the Privatization Commission of Pakistan. It operations of the company were initially managed by the Board of Industrial Management and thereafter the Federal Chemicals & Ceramics Corporation Limited under the Ministry of Production Pakistan. The registered office of the company is located in Lahore. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan.

The business activities of ICL are manufacturing, importing, exporting, packing, repackaging of Caustic Soda, Sodium Hypo Chlorite and other allied chemicals. The products which the company manufactures include caustic soda, sodium hypochlorite, liquid chlorine, hydrochloric acid, bleaching earth, chlorinated paraffin, zinc sulphate and calcium chloride.

The associated companies of ICL are Ittehad Developers and Jhelum Silk Mills Private Limited. The plant is located on GT Road for the production of Caustic Soda. The plant was set up by M/s Oronzio Denora of Italy.

The symbol “ICL” is being used by the stock exchanges for the shares of Ittehad Chemicals Limited.”

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Transaction of 1,000 shares of Bunnys Limited

Karachi, Bunnys Limited informed Pakistan Stock Exchange about transaction of shares of the company. 1,000 shares @ Rs. 19.24 per share were bought from the market on March 17, 2023 through CDC.

“Bunny’s is the maker of the finest bakery products in Pakistan. The factory is situated in Lahore, however Bunny’s is the major supplier of high quality products to various cities all over Pakistan as well as internationally. Quality and taste are our forte for which we use only the highest graded raw materials to produce wholesome baked goods, rusk, cake, cupcakes, fruit buns, savoury snacks and a variety of frozen goods. The name of Bunny’s has become synonymous with baked goods that are superior in taste, aroma, quality, appearance and texture. Bunny’s has established itself as a premier manufacturer in Pakistan’s food industry backed by service-minded developers and an efficient management.

Bunny’s is a renowned name in the market of bread products which was established in Lahore 1984 by brothers Mr. Younus Shafique Ch. and Mr.Haroon Shafique Ch. They ventured into the world of bakery goods with the promise of quality,service,value and innovation. The vision which started of in a two canal land space is now a successful twenty-two canal reality. The legacy is further carried on by Mr Omar Shafique Ch.

We are not just a bakery brand we are an experience. All our products are freshly baked and delivered to our retailers so that you can enjoy it at its absolutely delicious best.”

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Annual general meeting of JS Investments Limited to be held on April 14, 2023

Karachi, JS Investments Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on April 14, 2023 at Karachi.

The agenda of the meeting will be to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended December 31, 2022 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending December 31, 2022 and fix their remuneration and to transact any other business with the permission of the chair.

Further, the closed period of the company is from April 14, 2023 to April 14, 2023 (both days inclusive).

“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”

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Transmission of Annual Report for the Year Ended June 30, 2022 of Lotte Chemicals Pakistan Limited

Karachi, Lotte Chemicals Pakistan Limited informed Pakistan Stock Exchange that Annual Report of the Company for the year ended June 30, 2022 have been transmitted through PUCARS and is also available on Company’s website.

“Lotte Chemical Pakistan Ltd is a supplier of purified terephthalic acid, an essential raw material used in the polyester industry. Lotte, the South Korean conglomerate, acquired the majority shareholdings in Pakistan PTA Limited (PPTA) in September 2009. Subsequently, the name of the Company was changed to Lotte Chemical Pakistan Ltd.

The plant at Port Qasim, Karachi was built in 1998. It produces Purified Terephthalic Acid (PTA), an essential raw material for Pakistan’s textile and PET packaging industries and forms the backbone of the polyester chain, including Polyester Staple Fibre, Filament Yarn and PET (bottle grade) resin.

The shares of the company are quoted on the Pakistan Stock Exchange Official Site with the total number of shares that are 1,514,207,200. The Earnings per share of the Company is 1.40 in 2020 which was 3.54 in 2019. Their Profit after tax was 2,125,105,000 in 2020 which was 5,360,370,000 in 2019.”

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Annual general meeting of Lotte Chemicals Pakistan Limited o be held on April 13, 2023

Karachi, Lotte Chemicals Pakistan Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on April 13, 2023 at Karachi.

The agenda of the meeting will be, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended December 31, 2022 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending December 31, 2022 and fix their remuneration and to transact any other business with the permission of the chair.

Further, the closed period of the company is from April 07, 2023 to April 13, 2023 (both days inclusive).

“Lotte Chemical Pakistan Ltd is a supplier of purified terephthalic acid, an essential raw material used in the polyester industry. Lotte, the South Korean conglomerate, acquired the majority shareholdings in Pakistan PTA Limited (PPTA) in September 2009. Subsequently, the name of the Company was changed to Lotte Chemical Pakistan Ltd.

The plant at Port Qasim, Karachi was built in 1998. It produces Purified Terephthalic Acid (PTA), an essential raw material for Pakistan’s textile and PET packaging industries and forms the backbone of the polyester chain, including Polyester Staple Fibre, Filament Yarn and PET (bottle grade) resin.

The shares of the company are quoted on the Pakistan Stock Exchange Official Site with the total number of shares that are 1,514,207,200. The Earnings per share of the Company is 1.40 in 2020 which was 3.54 in 2019. Their Profit after tax was 2,125,105,000 in 2020 which was 5,360,370,000 in 2019.”