Pakistan Company News – Subscription of Right Shares of Maple Leaf Cement Factory Limited

Subscription of Right Shares of Maple Leaf Cement Factory Limited

Karachi, Maple Leaf Cement Factory Limited informed Pakistan Stock Exchange that 12.50% Right Issue of the Company amounting to Rs.4,287,838,100/- has been subscribed by 94.72% as of last date for payment / renunciation i.e. October 24, 2017. As per details provided by MCB Bank Limited and United Bank Limited to the Issue, a sum of Rs. 4,061,423,210/- has been received upto the last date of payment.
Maple Leaf Cement Factory Limited was incorporated in Pakistan on April 13, 1960 as a public company limited. The foundations of the company are laid under the Companies Ordinance, 1984 by shares. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The principal activity of the company is production and sale of cement. It is a subsidiary of Kohinoor Textile Mills Limited. The registered office of the company is located at Lahore. The cement factory is located at District Mianwali in the province of Punjab.

The products of Maple Leaf Cement factory are Ordinary Portland Cement with a capacity of 11,700 tons per day and White Cement with a present capacity of 500 tons per day. The company has developed a niche market for specialized cement such as sulphate resistant cement, low alkali cement and oil well cement. It is the only local cement manufacturer producing oil well cement.

The symbol “MLCF” is being used by the stock exchanges for the shares of Maple Leaf Cement Factory Limited.