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Karachi, HBL Asset Management Limited has issued a statement in response to a letter dated August 29, 2023, referencing unusual price movements in the units of HBL Growth Fund (HGFA) during the period from July 17, 2023, to August 15, 2023. In their statement, HBL Asset Management Limited has categorically stated that they are not aware of any matter, development, or material information that may have caused these unusual price fluctuations.
The statement asserts that no undisclosed or undisclosed information has contributed to these price movements during the specified period, which has not been disclosed to market participants. HBL Asset Management Limited remains committed to transparency and regulatory compliance in all its operations.
This announcement serves to provide assurance to investors and market participants regarding the integrity of the HBL Growth Fund (HGFA) and the company’s adherence to market regulations and best practices.
HBL Asset Management Limited continues to monitor market developments closely and will cooperate with regulatory authorities to maintain the highest standards of transparency and accountability in the investment management industry. Shareholders and stakeholders are encouraged to stay updated on official communications from the company regarding any developments related to HBL Growth Fund (HGFA).
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