Karachi: The Company is contemplating to setup a Cement Grinding Packing Plant in Sri Lanka as detailed in Future Outlook in Director’s Report included in the Annual Report of the Company for the year ended June 30, 2011.
As mentioned above, the Company is contemplating to setup the said project, however, no formal approval has been communicated to us by the Sri Lanka Ports Authority, Whereas, we have come to know from an online news portal (Lank Business Online) that Chairman of Sri Lanka Ports Authority has confirmed the approval of the said project from the Cabinet of Ministers.
The said news item and link of the news portals is endorsed for your convenience.
I hope this letter will bring in your notice the disclosure of material and price sensitive information in accordance with clause xxviii of the Code of Corporate Governance.
Further, we will communicate this material information as required by the Code of Corporate Governance to you on From 25 as soon as any formal approval is received from the concerned Sri Lank Authorities.
For more information, contact:
Muhammad Taha Hamdani
CFO and Company Secretary
Thatta Cement Company Limited
Arif Habib Centre, 23,
M.T. Khan Road, Karachi- 74000
Tel: 92-21 32423295
Fax: 92-21 32400989