PHDL, SIUT extend deadline for Regent Plaza sale by 90 days

By MG News | Category Equity | May 10, 2024 at 03:50 PM GMT+05:00

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May 10, 2024 (MLN): Pakistan Hotels Developers Limited (PHDL) and Sindh Institute Of Urology and Transplantation (SIUT) have mutually extended the deadline of the execution of the sale of PHDL's Regent Plaza by an additional 90 days from the previous last date of agreement execution i.e. May 11, 2024.

PHDL disseminated this information through a notice issued to the Pakistan Stock Exchange (PSX) today.

After incorporating the aforementioned adjustment, the extended last date of agreement execution will be August 07, 2024.

It is important to mention that all the other clauses of the agreement will remain enforceable, as original.

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