⚡ Flash Summary
Treet Corporation Limited’s board has approved a potential investment of up to PKR 187,388,997 in the right issue of its associated company, Loads Limited. This investment is contingent upon shareholder approval and is intended to be carried out near future, as disclosed by Loads on October 23, 2025. The maximum price for Loads’ shares is set at PKR 12.5 per share. An extraordinary general meeting will be convened to seek shareholder approval for this investment.
📌 Key Takeaways
- 📢 Treet Corp board approves investment in Loads Limited’s right issue.
- 💰 Investment amount capped at PKR 187,388,997.
- 🤝 Loads Limited is the associated company.
- 📅 Investment decision made on November 19, 2025.
- 🗓️ Loads’ disclosure date: October 23, 2025.
- 💸 Maximum price per share of Loads: PKR 12.5.
- ✅ Shareholder approval is a prerequisite.
- 📜 Approval required under Section 199 of the Companies Act, 2017.
- ➕ Treet may take up additional unsubscribed shares.
- 💼 Directors/shareholders of Loads may offer shares to Treet.
- 🏢 Investment can be acquired through the Pakistan Stock Exchange.
- ✉️ Extraordinary general meeting to be convened.
- ℹ️ Details of EGM will be provided in due course.
- 🚦 TREC holders to be informed accordingly.
🎯 Investment Thesis
HOLD. While the investment in Loads Limited presents a potential opportunity for Treet Corporation, there is insufficient information to make a definitive BUY or SELL recommendation. The investment is subject to shareholder approval and the performance of Loads. More details are needed regarding the financial health and future prospects of Loads Limited to properly assess the potential returns for Treet. A hold is appropriate until more information becomes available. Price target: dependent on future performance of Loads Limited. Time horizon: Medium Term.
Disclaimer: AI-generated analysis. Not financial advice.