AKD Securities resumes public offer for TRG Pakistan shares

MG News | March 20, 2025 at 11:14 AM GMT+05:00

0:00

March 20, 2025 (MLN): AKD Securities Limited, acting as Manager to the Offer on behalf of Greentree Holdings Limited, has announced the resumption of the public offer to acquire 35.147% shares of TRG Pakistan Limited.

This development follows the Islamabad High Court's decision on March 18, 2025, to dismiss a petition filed by Sign Source Limited as non-maintainable, effectively lifting the stay order that had halted the transaction.

Originally initiated on January 15, 2025, the offer aimed to acquire 35.147% shares of TRG Pakistan Limited under the Securities Act, 2015 and relevant takeover regulations.

Revised timelines for the acceptance period have been announced and adjusted to accommodate the legal delay and public holidays.

The acceptance period will now run from March 25 to April 4, 2025, with submissions accepted daily between 9:00 AM and 5:00 PM.

The process had been temporarily halted following a stay order issued by the Islamabad High Court in response to a petition filed by Sign Source Limited.

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