Tarek Sultan Al-Essa, PWC's Chairman & Managing Director, commented: "PWC is not currently planning or considering the issuance and sale of any new stock or rights issues." He continued: "Any plans to undertake an offering of PWC shares in the United States would be made only following a comprehensive analysis of the ramifications of any such offering, and then strictly in accordance with United States Securities and Exchange Commission (SEC) regulations."
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PWC Logistics denies rumors of plans for NASDAQ listing
- Kuwait: Tuesday, August 17 - 2004 at 09:32
- PRESS RELEASE
The Public Warehousing Company K.S.C., also known as PWC Logistics, today denied recent rumors they are seeking to have their stock quoted on the NASDAQ Stock Market.
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About PWC LogisticsPWC Logistics provides leading edge supply chain and logistics solutions to both private and public sector entities worldwide. It is one of the largest and most sophisticated supply chain management companies in the Middle East. PWC Logistics is traded on the Kuwaiti Stock Exchange and has a market capitalization of approximately KD790 million (US$2.6 billion).
CONTACT:
James Reheiser
PWC Logistics
Tel: (+965) 809 222, Ext. 2205
Fax: (+965) 467 1013
Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, August 17 - 2004 at 09:32 UAE local time (GMT+4)
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