Treet Corporation decides to sell up to 20 mln Modaraba Certificates of FTMM through PSX

MG News | April 09, 2021 at 12:44 PM GMT+05:00

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April 9, 2021 (MLN): In order to have more visibility in the market, Treet Corporation Limited (TREET) has decided to sell up to 20 million Modaraba Certificates of its subsidiary; First Treet Manufacturing Modaraba (FTMM), to the general public through PSX.

In a notification to Exchange, the company said that the above-mentioned sale of Modaraba Certificates will have a very little impact on its shareholding in FTMM and it will continue to hold a majority shareholding in FTMM.

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