TRGI to allocate $120mn liquid assets to TRG Pakistan

MG News | December 10, 2021 at 09:33 AM GMT+05:00

0:00

December 10, 2021 (MLN): TRG Pakistan has informed through a notice to PSX that the Resource Group International Limited (TRGI) Board has approved the allocation of its liquid assets to its shareholders whereby TRG Pakistan’s portion would be approximately $120 million (inclusive of around $10mn in deferred cash) plus approximately 5.4 million shares of its listed portfolio company, Ibex Limited.

The process and structure for utilization of the above allocation are expected to be finalized by 31 December 2021, and the company will announce further details at that time, the notice said.

Meanwhile, another notice sent to PSX said that the company has appointed Mr. Hasnain Aslam as a Director on the Board as well as the Chief Executive Officer of TRG Pakistan Limited with effect from 10th December 2021 in place of Mr. Muhammad Ziaullah Khan Chishti.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	161,631.73 408.94M	3.13% 4898.86
ALLSHR	98,254.73 951.34M	2.71% 2590.07
KSE30	49,377.29 213.50M	3.40% 1624.91
KMI30	232,700.28 121.13M	2.88% 6525.03
KMIALLSHR	64,179.60 399.93M	2.39% 1496.52
BKTi	46,334.17 105.09M	5.56% 2441.42
OGTi	31,362.73 10.58M	1.56% 482.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,880.00	111,630.00 107,835.00	2925.00 2.73%
BRENT CRUDE	64.58	65.15 63.81	0.21 0.33%
RICHARDS BAY COAL MONTHLY	86.00	86.00 86.00	-1.90 -2.16%
ROTTERDAM COAL MONTHLY	96.50	99.00 96.50	-2.70 -2.72%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.88	61.38 59.99	0.31 0.51%
SUGAR #11 WORLD	14.42	14.49 14.20	0.14 0.98%