Karachi: In accordance with Clause (xxiii) of the Listing Regulation No. 35 under code of corporate Governance, we are pleased to convey the following information:
SSGC LPG (Pvt.) Limited, a fully owned subsidiary of Sui Southern Gas Company Limited (SSGC), has acquired LPG import facility terminal and bottling plant operating under the name and style of PROGAS Pakistan (Pvt.) Limited through an open auction conducted by the Sindh High Court for Rs. 2.25 Billion after having completed all formalities. Sindh High Court has handed over undisputed physical possession of the premises with all underlying assets to SSGC LPG (Pvt.) Limited on October 19, 2011.
For more information, contact:
Yusuf J. Ansari
Sui Southern Gas Company Limited
SSGC House, Sir Shah Suleman Road,
Gulshan-e-Iqbal, Karachi-75300, Pakistan.
PABX Tel: 92-21-99021743-44
Pipe Line Terminal, University Road, Karachi-32