Islamabad, Jan 16: Greentree Holdings Limited, managed by AKD Securities Limited, has announced a Public Offer to acquire up to 191,690,015 ordinary shares of TRG Pakistan Limited. This acquisition will represent a 35.147% stake in TRG Pakistan, in compliance with the Securities Act of 2017 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations of 2017, as stated in a filing with the Pakistan Stock Exchange (PSX) on Wednesday.
Following the acquisition, TRG Pakistan Limited is set to continue its operations as a publicly listed entity, maintaining its usual business practices and investments.
The company reassured investors that the proposed acquisition will not alter the trajectory of its core business operations or its commitment to creating value for shareholders.
Greentree Holdings currently holds a significant share in TRG Pakistan, with a 30% stake, amounting to 162 million shares, which were acquired over a period spanning from December 2021 to December 2024. This additional acquisition underscores Greentree’s growing interest in TRG Pakistan and its confidence in the company’s future performance. The decision to acquire further shares signifies Greentree’s strategic approach to expanding its investment portfolio within the Pakistani market.
The filing from AKD Securities highlights that this move is consistent with the company’s ongoing plans to solidify its position in the market, while also offering current TRG Pakistan shareholders an opportunity to capitalize on the offer.
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Regulatory approvals will be sought to ensure compliance with applicable laws and regulations.
The announcement will attract significant attention from investors and analysts due to TRG Pakistan’s strong presence in the technology sector and its growth history.
Investors will closely monitor the potential impact of this acquisition on TRG Pakistan’s future market position and performance.
Greentree’s continued involvement will enhance market dynamics and offer new opportunities for the company and its stakeholders.
