TPL REIT Fund I has announced its intention to divest its stake in HKC (Private) Limited through the sale of the project land known as “Project-B One Hoshang.”
The disclosure was made in a notice sent to the Pakistan Stock Exchange (PSX) on Friday.
According to the company, the proposed transaction is subject to the execution of definitive agreements, as well as the receipt of all necessary corporate, regulatory, and third-party approvals.
The process will also require the completion of all formalities and procedures in line with the fund’s constitutive documents and applicable laws.
TPL REIT Management Company Limited stated that it will keep the exchange and stakeholders informed of any significant developments as the transaction progresses.
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