{"id":13439,"date":"2025-01-18T05:00:00","date_gmt":"2025-01-18T05:00:00","guid":{"rendered":"https:\/\/gsrra.com\/?p=13439"},"modified":"2025-01-18T05:00:02","modified_gmt":"2025-01-18T05:00:02","slug":"greentree-holdings-offers-to-acquire-35-stake-in-trg-pakistan-for-rs14-4bn","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=13439","title":{"rendered":"Greentree Holdings offers to acquire 35% stake in TRG Pakistan for Rs14.4bn"},"content":{"rendered":"\n

<\/a><\/p>\n\n\n\n

<\/a><\/a><\/a><\/a><\/a>Greentree Holdings Limited announced a public offer to acquire up to 35.147% shareholding in TRG Pakistan Limited, representing 191,690,015 ordinary shares for Rs14.4 billion.<\/strong><\/p>\n\n\n\n

Greentree is launching the offer at a price of Rs75, which represents a premium of 14% to the last closing price of TRG Pakistan, and a 25% premium to the statutory minimum price.<\/p>\n\n\n\n

The development was shared by AKD Securities Limited, appointed as the Manager to the Offer, in a notice to the Pakistan Stock Exchange (PSX).<\/p>\n\n\n\n

\u201cOn behalf of Greentree Holdings Limited, AKD Securities Limited as the Manager to the Offer, is submitting herewith a copy of Public Announcement of Offer to acquire upto 191,690,015 ordinary shares of TRG Pakistan Limited constituting 35.147% shareholding interest of the target, in accordance with the Securities Act, 2017 and the Listed Companies (Substantial Acquisition of Voting Shares and Take-overs) Regulations, 2017,\u201d read the statement.<\/p>\n\n\n\n

Greentree Holdings looks to tender for 35% shares in TRG Pakistan<\/a><\/strong><\/p>\n\n\n\n

As per the public announcement, the acquirer, through this public offer, plans to invest up to $52 million in Pakistan through this offer, which will provide additional liquidity to shareholders of TRG Pakistan.<\/p>\n\n\n\n

\u201cTRG Pakistan Limited will continue to operate as a listed company after the proposed acquisition and will continue its business operations and investments in the ordinary course,\u201d stated the announcement.<\/p>\n\n\n\n

Greentree Holdings Limited already has 162,010,636 shares or 30% stake in TRG Pakistan Limited. These shares were purchased through open market acquisition over three years, between December 2021 and December 2024.<\/p>\n\n\n\n

Assuming full takeup of the tender, the shareholding of Greentree Holdings would increase to 65% of TRG Pakistan.<\/p>\n\n\n\n

TRG Pakistan announces completion of Afiniti\u2019s recapitalisation<\/a><\/strong><\/p>\n\n\n\n

A leading market analyst commented that the tender appears to be competitively priced with a significant premium, and also represents a 12-month high in terms of share price.<\/p>\n\n\n\n

The analyst expects a robust takeup of the tender.<\/p>\n\n\n\n

Greentree Holdings Limited was incorporated as an exempt company in Bermuda in August 2020. It is a wholly owned subsidiary of a Bermuda-incorporated company, The Resource Group International Limited, which is an investment holding company.<\/p>\n\n\n\n

Reference Link:- https:\/\/www.brecorder.com\/news\/40343021\/greentree-holdings-offers-to-acquire-35-stake-in-trg-pakistan-for-rs144bn<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Greentree Holdings Limited announced a public offer to acquire up to 35.147% shareholding in TRG Pakistan Limited, representing 191,690,015 ordinary shares for Rs14.4 billion. Greentree is launching the offer at a price of Rs75, which represents a premium of 14% to the last closing price of TRG Pakistan, and a 25% premium to the statutory […]<\/p>\n","protected":false},"author":1,"featured_media":13440,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[208,132,1920,105,10575,10574,36,10578,10577,10579,10576],"class_list":["post-13439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sample-category","tag-climate-change","tag-economy","tag-environments","tag-geopolitics-2","tag-green-tree-holding","tag-greentree-holdings-offers-to-acquire-35-stake-in-trg-pakistan-for-rs14-4bn","tag-pakistan","tag-poluttion","tag-stakes","tag-statutory-price","tag-trg-pakistan-ltd"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/13439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13439"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/13439\/revisions"}],"predecessor-version":[{"id":13441,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/13439\/revisions\/13441"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/media\/13440"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}