📈 Material News · PRET Premium Textile Mills Limited has announced a proposed equity investment of up to PKR 20 million in Recover Pakistan (Private) Limited, a joint venture with Recover HoldCo, Inc. This investment aims to enhance the company's market access and profitability through the trading of recycled cotton fiber and related products.
- The investment is subject to approval at the upcoming Annual General Meeting.
- The joint venture is expected to open new domestic and international market opportunities for PTML.
- This strategic move is anticipated to contribute positively to the company's profitability and shareholder value.
About this brief: prepared automatically by BSL’s research systems from the company’s filing with the exchange. A summary for information, not investment advice — the original filing is the authoritative record.
Original filing (PDF)