The IHC court refused to seek a book that challenges the public tender presentation by Greente Holdings Limited (GHL), which resulted in the resumption of the presentation with a revised timetable, according to a report by TRG Pakistan on the Pakistani Stock Exchange (PSX) on Thursday.
The acceptance period for shareholders will now last from March 25 to April 4, 2025.
The petition was presented by Abed Hussein, the director of TRG Pakistan and CEO of Sign Source Limited (SSL), along with the SSL and the shareholders associated with the JS Group. It sought to prevent GHL from obtaining shares under its public announcement of the offer of January 15, 2025, and to curb Pakistan from facilitating any related transactions.
after The previous part A hearing, IHC issued an order to stay on February 27, 2025, with the exception of GHL and Akd Securities Limited (AKDSL), the offer manager, from buying shares to another review.
However, after hearing arguments from all parties on March 12, the court ruled that it was not maintenance and canceled the residence order in its final decision issued on March 18, 2025.
With the conclusion of legal procedures, AKDSL PSX reported that the general presentation has resumed according to its original conditions, with amendments to the delay resulting from legal issues and public holidays. The shareholders can now accept their acceptance between 9:00 am and 5:00 pm from March 25 to April 4, 2025.
