Proceeds of rights shares subscription of Tri-Pack Films Limited

Karachi, Tri-Pack Films Limited informed Pakistan Stock Exchange that proceeds of rights shares subscription amount of Rs.1.1 billion has been utilized towards reduction of debt.

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.