TPLP to sell its developmental assets to REIT Fund

MG News | September 13, 2021 at 02:12 PM GMT+05:00

0:00

September 13, 2021 (MLN): The Board of Directors of TPL Properties (TPLP), has given in-principle approval for selling its developmental assets either directly or through SPVs to the REIT Fund to be managed by TPL REIT Management Company Limited.

TPL REIT Management Company Limited is a wholly-owned subsidiary of TPLP and acts as a Strategic Investor in the Fund.

The transaction shall be subject to the approval of the shareholders, all the regulatory consents.

Copyright Mettis Link News

Related News

Interloop set to hit Rs108/Share

Oilboy Energy expands trading, strengthens operations

Haseeb Waqas Sugar Mills yet to clear PSX penalties

Name	Price/Vol	%Chg/NChg
KSE100	161,281.77 321.60M	-0.93% -1521.39
ALLSHR	97,970.36 897.81M	-0.89% -882.05
KSE30	48,994.96 132.16M	-1.02% -502.39
KMI30	231,448.14 91.20M	-1.31% -3070.88
KMIALLSHR	63,889.05 388.38M	-0.96% -621.10
BKTi	45,037.73 48.43M	-1.45% -662.00
OGTi	31,025.58 8.22M	-1.53% -480.71

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	101,895.00	107,770.00 100,250.00	-5175.00 -4.83%
BRENT CRUDE	64.43	64.80 63.82	-0.46 -0.71%
RICHARDS BAY COAL MONTHLY	87.00	87.00 86.50	1.30 1.52%
ROTTERDAM COAL MONTHLY	97.30	97.75 97.10	1.05 1.09%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.57	61.03 59.94	-0.48 -0.79%
SUGAR #11 WORLD	14.21	14.72 14.13	-0.44 -3.00%