Karachi, Lotte Chemical Pakistan Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on April 16, 2020 at Karachi.
The agenda of the meeting will to receive, consider and adopt the Company’s audited financial statements together with the Directors’ and Auditors’ reports for the year ended 31 December 2019 and appoint the Auditors of the Company for the year ending 31 December 2020 and to fix their remuneration.
Further, the closed period of the company is from April 10, 2020 to April 16, 2020 (both days inclusive).
Lotte Chemical Pakistan Limited formerly Lotte Pakistan PTA Limited is incorporated in Pakistan. The company is engaged in the manufacture and sale of Pure Terephthalic Acid an essential raw material used in the polyester industry. The company is also engaged in manufacturing Polyester Staple Fibre, Filament Yarn and PET resin. The production capacity of the plant is around 500,000 tons per annum. It is a subsidiary of Lotte Chemical Corporation and the ultimate parent company is South Korean conglomerate Lotte. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located at Karachi.
The symbol “LOTCHEM” is being used by the stock exchanges for the shares of Lotte Chemicals Pakistan Limited.