Pakistan Company News

Book Closure Dates of Lotte Chemicals Pakistan Limited

Karachi, Lotte Chemicals Pakistan Limited informed Pakistan Stock Exchange that the 21st Annual General Meeting of the Company is scheduled to be on April 18, 2019 and the share transfer books of the Company will be closed from April 12, 2019 to April 18, 2019 (both days inclusive) for the purposes of determination of entitlement to attend the Annual General Meeting.

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.