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Wednesday February 12, 2025

Greentree Holdings offers to acquire 35pc stake in TRG

By Our Correspondent
January 17, 2025
TRG logo can be seen on a computer screen. — TheNews Desk/File
TRG logo can be seen on a computer screen. — TheNews Desk/File 

KARACHI: TRG Pakistan Limited has officially disclosed material information regarding a significant development in its shareholding structure.

The company in a statement to the Pakistan Stock Exchange (PSX) on Thursday announced receiving a public announcement of offer from Greentree Holdings Limited, conveyed through AKD Securities Limited, the manager to the offer.

The offer outlines Greentree Holdings’ intent to acquire up to 35.15 per cent shareholding in TRG Pakistan Limited, equating to 191,690,015 ordinary shares.This move marks a pivotal moment for TRG Pakistan Limited, potentially altering the company’s governance and shareholder dynamics.