Tri-Star Power Limited has responded to the Pakistan Stock Exchange regarding unusual trading volume, alleging price manipulation and illegal takeover attempts by certain entities.
- The company claims that various individuals and entities are attempting to manipulate TSPL's share price through illegal means.
- Allegations include "pump and dump" schemes, artificial trading, and member-to-member financing aimed at destabilizing the share price.
- TSPL has identified specific companies involved in these activities, suggesting a coordinated effort to undermine its market position.
- The company is prepared to take legal action against those involved in these manipulative practices to protect its interests and those of its shareholders.
- TSPL emphasizes the need for the PSX to intervene and halt these illegal activities to restore market integrity.