Lotte Chemical Pakistan Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on June 17, 2020 at Karachi.
The agenda of the meeting will to elect eight Directors as fixed by the Board of Directors in accordance with Section 159(1) of the Companies Act, 2017, for a period of three years commencing from June 23, 2020.
Further, the closed period of the company is from June 10, 2020 to June 17, 2020 (both days inclusive).
The announcement is available at:
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.
© Pakistan Press International, source Asianet-Pakistan