TREET approves a cross-corporate guarantee up to PKR 1.5 billion

TREET - Material Information
Posted by: Aamir Hayat 0

TREET approves a cross-corporate guarantee up to PKR 1.5 billion

In a notification sent to PSX on 06/06/2024, Treet Corporation Limited (TREET) has announced that it recommends business matters to shareholders and approves a cross-corporate guarantee of up to PKR 1.5 billion.

The Board of Directors of Trect Corporation Limited, through a Board Resolution dated June 04, 2024, has approved and recommended several business matters to shareholders, with a formal notice of the Extraordinary General Meeting (EOGM) to be shared shortly. Key points include:

  1. Capital Injection in UAE Subsidiary: Establishment of Treet Trading LLC in Dubai, with an initial capital injection of USD 100,000 for 100,000 shares at USD 1 each.
  2. Corporate Guarantee to Loads Limited: Approval of a cross-corporate guarantee up to PKR 1.5 billion to support working capital facilities for Loads Limited.
  3. EOGM Notice and Agenda: The EOGM will be held on June 28, 2024, at 10:00 AM at 72-B, Industrial Area, Kot Lakhpat, Lahore. Book closure dates are June 21-28, 2024. Formal notice with agenda items will be communicated soon.

TREET shares were last trading at Rs 16.07 today.


📢 Announcement: We're Moving to Discord – Join Us There! 

 

Hi everyone! 👋

To improve your experience and offer additional features, we’re moving our community from WhatsApp to Discord!

Here’s what you’ll get on Discord:

✅ Research Reports Channel – Access a regularly updated compilation of valuable research reports
✅ PSX24/7 Bot – Ask anything about the PSX and get instant insights powered by KSEStocks historical data
✅ Organized Channels – Separate spaces for discussions, news, reports, and more
✅ Better Notifications – Control what you see and when
✅ Smoother Interaction – Easier to follow and participate in conversations
✅ Organized trading ideas - trading ideas that you can discuss and keep track of

Join now 👉 https://discord.gg/kST9hWjS

 


 

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *