Suspension of trading in share of twenty nine companies and instructions to buy-back shares

Lahore, August 01, 2012 (PPI-OT): It is hereby informed to all concerned that the following companies have still failed to comply with the instructions of the Exchange to fulfill the requirement of Listing Regulation No. 30(1) (e) i.e. payment of outstanding annual listing fee and Listing Regulation No. 30(1)(g) i.e. induction of ordinary shares of the companies into CDS of Central Depository Company of Pakistan Limited within 90 days i.e. upto July 30, 2012:

1) (Colony) Sarhad Textile Mills Ltd.

2) Annoor Textile Mills Ltd.

3) Asim Textile Mills Ltd.

4) Central Forest Products Ltd.

5) Globe Textile Mills Ltd

6) Hamid Textile Mills Ltd.

7) Karim Cotton Mills Ltd.

8) Khurshid Spinning Mills Ltd.

9) Dadabhoy Construction Technology Ltd.

10) Mehr Dastagir Textile Mills Ltd

11) Morafco Industries Ltd.

12) Redco Textiles Ltd.

13) S.S. Oil Mills Ltd.

14) Saleem Denim Industries Ltd.

15) Service Fabrics Ltd.

16) Service Industries Textiles Ltd.

17) Sind Fine Textile Mills Ltd.

18) Taj Textile Mills Ltd.

In view of the above and as required under listing Regulation No. 30(2)(b), trading in the shares of the above mentioned companies suspended on August 01, 2012, in exercise of the powers vested in the Exchange under sub-section (7) of section 9 of the Securities and Exchange Ordinance, 1969 and Regulation No. 30(2)(b) of the Listing Regulations.

The Sponsors/majority shareholders of the concerned companies are hereby directed to provide to all the concerned shareholders an option for selling their shares to them at a price to be fixed by the Exchange in accordance with Regulation No. 30-A of Listing Regulations followed by delisting of the companies.

In case of failure of the sponsors/majority shareholders of the companies to comply with the compulsory buy-back direction within 30 days i.e. August 30, 2012, the

Exchange will proceed to delist such companies under the Listing Regulations. The cases of the companies will also be forwarded to SECP for initiating further action under the Companies Ordinance, 1984 against the companies/management as may be deemed appropriate.

According to another notice the following companies have still failed to comply with the instructions of the Exchange to fulfill the requirement of Listing Regulation No. 30(1)(e) i.e. payment of outstanding annual listing fee within 90 days i.e. upto July 30, 2012:

1) (Colony) Thal Textile Mills Ltd.

2) Brothers Textile Mills Ltd.

3) Dadabhoy Cement Industries Ltd

4) Dadabhoy Sack Ltd.

5) Data Textiles Ltd.

6) Genertech Pakistan Ltd.

7) Hajra Textiles Ltd.

8) Kohinoor Industries Ltd.

9) Mukhtar Textile Mills Ltd.

10) Nazir Cotton Mills Ltd.

11) Saritow Spinning Mills Ltd.

Trading in the shares of the above companies also suspended on August 01, 2012, in exercise of the powers vested in the Exchange under sub-section (7) of section 9 of the Securities and Exchange Ordinance, 1969 and Regulation No. 30(2)(b) of the Listing Regulations

For more information, contact:
Lahore Stock Exchange (LSE)
19, Khayaban-e-Aiwan-e-Iqbal,
P.O. Box: 1315,
Lahore-54000, Pakistan
Tel: +9242 636 8000
FAX: +9242 636 484 -85
E-mail Address: info@LahoreStock.com
Web Site: http://www.lse.com.pk

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