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

PSX Closing Bell: Make Hay While It Shines

Pace Pakistan signs 161.8 kanal DHA Gujranwala development MOU

PSX Closing Bell: Bull Finds Its Horns

Name	Price/Vol	%Chg/NChg
KSE100	166,283.55 167.56M	0.08% 138.20
ALLSHR	100,743.06 606.86M	0.18% 177.75
KSE30	50,481.85 68.41M	-0.03% -14.33
KMI30	238,092.04 74.86M	0.08% 183.16
KMIALLSHR	65,617.46 221.67M	0.08% 53.04
BKTi	45,081.48 14.67M	-0.08% -34.71
OGTi	33,080.66 7.44M	0.16% 54.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	92,485.00	94,440.00 92,030.00	-780.00 -0.84%
BRENT CRUDE	63.44	63.62 62.53	0.77 1.23%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	-0.45 -0.49%
ROTTERDAM COAL MONTHLY	97.00	97.90 97.00	-1.50 -1.52%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	59.88	60.02 58.81	0.93 1.58%
SUGAR #11 WORLD	14.91	15.00 14.78	-0.02 -0.13%