Pace Pakistan approves Rs1.5bn investment in Ever Green Water Valley

Pace (Pakistan) Limited has approved an equity investment of Rs1.5 billion in Ever Green Water Valley (Pvt) Ltd, an associated company, subject to the required shareholder and corporate approvals.

 

The company’s Board has also approved the divestment of 73.86 million ordinary shares, representing a 15.40% stake, in Pace Barka Properties Limited or its associated company. The shares will be sold at a fair value to be determined in accordance with applicable laws and on terms considered to be in the company’s best interest.