Hi Technological Plastic Industries PLC
Hi Technological Plastic Industries PLC: update on listing on European Stock Exchange
DGAP-News: Hi Technological Plastic Industries PLC / Key word(s): Miscellaneous London, June 18, 2018 – Hi Technological Plastic Industries PLC hereby updates, that the listing at an European Stock Exchange has been re-scheduled for fourth quarter of 2018. The Law Firm and Listing Sponsor in charge, has made the adjustment due to the Summer period coming up, where the anticipated work with the exchange and authorities is expected to be more time consuming.
“We are pleased that the Law Firm and Listing Sponsor in charge has so much experience and knowledge, that they already now can see, that it has been necessary with the smaller time adjustment. When listed, we are certain, it will create substantial shareholder value”, said Rana Kashaf Shahzad, Chairman of Hi Technological Plastic Industries LLC. About Hi Technological Plastic Industries PLC is the holding company of the operational Hi Technological Plastic Industries LLC based in UAE since 2013 and is in the business of manufacturing LDPE recycling Granule, HDPE/LDPE & PVC Pipe with a capacity of 300 metric tons. UAE is the main market for the products, but the products are also exported worldwide, where the main export markets are Pakistan, India, China, Hong Kong and East African countries. In 2017 the company had a revenue of Euro 14.324.556 and a gross profit of Euro 2.277.813.
21.06.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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