Pharma Industry

Industry: Email Alert RSS Feed

ICI's Pakistan PTA subsidiary plans share issue. (Newsbriefs).(Brief Article)

Chemical Week, May, 2002

Pakistan PTA, a subsidiary of ICI, says it plans to issue shares worth PRs6-billion ($100 million) to shareholders. Proceeds from the offering would be used to repay debt to ICI and ICI Pakistan (Karachi). Further details of the offering were not disclosed. ICI and ICI Pakistan jointly own 81% of Pakistan PTA; the rest is listed on the Karachi stock exchange.

ICI and ICI Pakistan have agreed to purchase their full entitlement of new shares and buy any shares that are not purchased by other Pakistan PTA shareholders. Pakistan PTA operates a 400,000-m.t./year purified terephthalic acid (PTA) plant at Port Qasim. ICI and ICI Pakistan's combined stake in Pakistan PTA is up for sale, but ICI says that the divestment is unlikely to be concluded soon due to the downturn...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.

BNET TalkbackShare your ideas and expertise on this topic

Brought to you by CBS MoneyWatch.com

Click Here

Most Recent Technology Articles

Most Recent Technology Publications

Most Popular Technology Articles

Most Popular Technology Publications

Your Work The 7 Interview Questions You Must Ask

The 7 Interview Questions You Must Ask

Forget 'What are your strengths and weaknesses?' If you want to get the real dope on prospective employees, ask job candidates these seven questions.
Your Industry Apple's Latest Plan to Kill Microsoft: Cheap Tablet Devices

Apple's Latest Plan to Kill Microsoft: Cheap Tablet Devices

When it comes to understanding consumers and what they will want, Apple is one of the strategically smartest companies in the world. And the recently reported deal to acquire music streaming start-up Lala is another indication that the company is planning to become the central cloud for consumers. That raises some interesting questions about what [...]
Your Money Dumbest Things You Do With Your Money

Dumbest Things You Do With Your Money

Even smart people make financial moves that are downright illogical. Emotions and superstitions have a sneaky way of keeping you from rational financial decisions. But dumb choices can have serious, real-world consequences. Here are some of the biggest blunders we all make, plus tips from the experts on how to keep cool.

Presented by American Express