Regent Plaza Hotel title officially transferred on complete payment

MG News | July 31, 2024 at 02:35 PM GMT+05:00

0:00

July 31, 2024 (MLN): The SIUT Trust completed the payment of the remaining 10% balance for the sale of Regent Plaza Hotel to Pakistan Hotels Developers Limited (PSX: PHDL) on July 30, 2024, as PHDL informed the stock exchange today.

With this final payment, PHDL has officially transferred the property title to the SIUT Trust. The possession of the property had already been handed over to the SIUT Trust on July 1, 2024.

The company confirmed in its announcement that the full sale proceeds for the property have been received, with both the title and possession now transferred to the SIUT Trust.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,398.81 209.10M	2.22% 3656.34
ALLSHR	100,831.02 503.32M	2.27% 2241.10
KSE30	50,666.05 100.06M	2.37% 1174.55
KMI30	242,334.19 89.24M	2.44% 5783.10
KMIALLSHR	65,543.96 278.93M	2.46% 1574.33
BKTi	46,497.26 39.92M	1.95% 888.47
OGTi	35,470.84 13.04M	4.21% 1434.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,800.00	82,090.00 81,005.00	-145.00 -0.18%
BRENT CRUDE	108.20	109.02 107.34	-1.67 -1.52%
RICHARDS BAY COAL MONTHLY	114.00	0.00 0.00	0.15 0.13%
ROTTERDAM COAL MONTHLY	110.65	0.00 0.00	0.25 0.23%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	100.67	102.70 99.12	-1.60 -1.56%
SUGAR #11 WORLD	15.37	15.49 15.21	0.08 0.52%