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MarketScreener Homepage  >  Equities  >  KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED, THE  >  Packages Limited    PACK   PK0010001011

PACKAGES LIMITED (PACK)
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2017STORA ENSO OYJ : has completed the divestment of Bulleh Shah Packagi..
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Packages : Transaction of 364,650 shares of Packages Limited

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06/14/2018 | 05:49pm CEST

Packages Limited informed Pakistan Stock Exchange about transaction of shares of the company. 12,000 shares @ Rs. 500.00 per share were bought from the market on June 01, 2018, 1,000 shares @ Rs. 499.99 per share were bought from the market on June 04, 2018, 54,000 shares @ Rs. 500.00 per share were bought from the market on June 04, 2018, 5,000 shares @ Rs. 500.00 per share were bought from the market on June 05, 2018, 54,000 shares @ Rs. 500.00 per share were bought from the market on June 06, 2018, 50 shares @ Rs. 499.99 per share were bought from the market on June 07, 2018, 208,550 shares @ Rs. 500.00 per share were bought from the market on June 07, 2018, 50 shares @ Rs. 495.00 per share were bought from the market on June 11, 2018 and 30,000 shares @ Rs. 482.33 per share were bought from the market on June 13, 2018, through CDC.

The announcement is available at:

https://www.psx.com.pk/newsattachment/115329.pdf

Packages Limited is a public limited company incorporated in Pakistan. The company is principally engaged in the manufacture and sale of paper, paperboard, packaging materials and tissue products. The stocks of the company are quoted on the Karachi Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi. On September 17, 2012 the company has entered into a 50/50 joint venture with the 'Stora Enso OYJ Group' of Finland in its 100% wholly owned subsidiary Bulleh Shah Packaging Private Limited. The Joint Venture will include Paper & Paperboard and Corrugated business operations at Kasur and Karachi and will involve initial equity participation of Stora Enso of 35% by way of subscription of right shares with a commitment to increase the shareholding to 50% at a later stage subject to certain conditions being met. The company also decided to close down its Paper and Paperboard operations in Lahore which has divided the business into continuing and discontinued operations.

The symbol "PKGS" is being used by the stock exchanges for the shares of Packages Limited.

© Pakistan Press International, source Asianet-Pakistan

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Syed Hyder Ali Chief Executive Officer, Executive Director & MD
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Afzal Muhammad Head-Group Information Technology
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