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Pacific Lime and Cement Limited ( (AU:PLA) ) has provided an update.
Pacific Lime and Cement Limited has commenced trading on the Papua New Guinea National Stock Exchange, joining a select group of companies with dual listings on ASX and PNGX. This secondary listing allows PNG investors to engage in PLC’s Central Lime and Cement Projects and other developments, fostering local participation in nation-building efforts. The listing does not alter the company’s capital structure or continuous disclosure obligations, and no new securities are being issued. This move enhances PLC’s market presence in PNG, aligning with its strategy to support decarbonisation and sustainable growth in the Asia-Pacific region.
More about Pacific Lime and Cement Limited
Pacific Lime and Cement Limited (ASX: PLA; PNGX: PLC) is advancing the development of Papua New Guinea’s lime and cement industry to supply essential building materials for the nation and the wider Asia–Pacific region. Anchored by its flagship Central Lime and Cement Projects, PLC is creating a fully integrated platform for local manufacturing, import substitution, and sustainable growth. The company’s diversified portfolio also extends to industrial sands, nature-based forestry carbon credits, and renewable energy, supporting its commitment to delivering cleaner, long-term solutions that build enduring value for PNG and its communities.
Average Trading Volume: 1,167,975
Technical Sentiment Signal: Hold
Current Market Cap: A$228M
Learn more about PLA stock on TipRanks’ Stock Analysis page.