Pace (Pakistan) Limited has announced significant corporate actions involving both investment and disinvestment strategies. The Board of Directors has approved an equity investment of up to PKR 1,500.00M in Ever Green Water Valley (Pvt.) Ltd and plans to disinvest 15.40% of its shares in Pace Barka Properties Limited.
- Approved equity investment of up to PKR 1,500.00M in Ever Green Water Valley (Pvt.) Ltd.
- Disinvestment of 73,861,873 shares (15.40%) in Pace Barka Properties Limited.
- Shares to be sold to First Capital Securities Corporation Limited or other buyers at fair market value.
- Both actions are subject to necessary shareholder and corporate approvals.
- The investment aims to strengthen the company's portfolio, while the disinvestment may optimize asset allocation.