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Monday, April 4, 2011

Polyplex-Cash In Hand Might Exceed Market Cap, Operations in India, Turkey and Thailand come for free

Polyplex Corporation Ltd has informed BSE that Polyplex (Asia) Pte, Ltd., a wholly owned subsidiary of the Company has, as of March 11, 2011, sold an additional 64 million shares (amounting to 8% stake) held in Polyplex (Thailand) Public Company Ltd., Thailand (PTL) through market transactions carried out on the Stock Exchange of Thailand since January 01, 2011. With these sales, the consolidated holding of Polyplex Group in PTL has reached 51.0%.
Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.
Nothing in this article is, or should be construed as, investment advice.

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