DGAP-News: 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
Hi Technological Plastic Industries PLC: Hi Technological Plastic Industries PLC update on listing on European Stock Exchange
26.04.2018 / 20:38
The issuer is solely responsible for the content of this announcement.
London, April 26, 2018 - Hi Technological Plastic Industries PLC is pleased to announce, that the process of getting listed at an European Stock Exchange is continuing as scheduled, and the Law Firm in charge of the process is convinced, that the listing will be completed in the third quarter of 2018. The Company has, as part of the requirements, now obtained the LEI code 254900RLLTRK25L6R254.
"We are pleased that the listing process is coming along as scheduled, as it's a complex process. At completion, this 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.
26.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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