Hi Technological Plastic Industries PLC
Hi Technological Plastic Industries PLC: Hi Technological Plastic Industries PLC delivers update about listing on European Stock Exchange
DGAP-News: Hi Technological Plastic Industries PLC / Key word(s): Miscellaneous London, November 19th, 2018 – Hi Technological Plastic Industries PLC (HTPI) hereby updates, that the listing at a European Stock Exchange is moving forward strongly. The delay is result of updated increased sales numbers and upgraded valuation, which should have been included in the listing documents. The listing has always been green lighted as the very last step from an exchange committee, which is expected to be done within 15 days, but isn’t in the control of HTPI.
“We are pleased that the contracted Lawyers and Listing Sponsor are at the last stage to finalize the final step to get listed within a very short time period, they expect the sign off from the exchange within 15 days. The 2018 numbers are outstanding and over our expectation, so we decided to reflect this into the listing documents. Lawyers and Listing Sponsor are both comfortable with the process, and we’re all looking forward to complete the listing for the benefit of the Company and the shareholders,” said Rana Kashif Shahzad, Chairman of Hi Technological Plastic Industries PLC. About Hi Technological Plastic Industries PLC is the holding company of the operational Hi Technological Plastic Industries PLC 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.
19.11.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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