PAKISTAN
KARACHI: Treet Corporation Limited has informed the Pakistan Stock Exchange (PSX) that its Board of Directors has recommended an investment of up to Rs187.39 million in the upcoming right issue of its associated company, Loads Limited.
The decision was taken at a board meeting held on Wednesday, November 19, 2025, in Lahore.
According to the company notice, the board approved participation in Loads Limited’s potential right issue—announced by Loads on October 23, 2025—at a maximum price of Rs12.50 per share. The proposed investment is, however, subject to shareholders’ approval in accordance with Section 199 of the Companies Act, 2017.
The board further resolved that Treet Corporation may also acquire additional unsubscribed shares, shares offered by directors or major shareholders of Loads Limited, or right entitlements available through the Pakistan Stock Exchange.
To proceed, the Board of Directors has authorized management to convene an Extraordinary General Meeting (EOGM) to seek the required approval from shareholders. Details of the EOGM will be announced in due course. – ER News Desk
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