AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Lahore, Roshan Packages Limited has announced a significant transaction involving its wholly owned subsidiary, M/s Roshan Sun Tao Paper Mills Limited (RSTPML). According to information available from the Pakistan Stock Exchange (PSX), the company received an offer letter from RSTPML for the subscription of 70,000,000 right shares, each valued at Rs 10. This transaction is structured such that the subscription amount will be adjusted against the receivable amount from RSTPML.
The disclosure was made in line with the Rule Book of the Pakistan Stock Exchange Limited and the Securities Act of 2015. A disclosure form, labeled Annexure “A,” was also shared with the transaction details, fulfilling compliance requirements.
The transaction is anticipated to enhance Roshan Packages Limited’s financial flexibility by adjusting the receivables from RSTPML through equity. This strategic move is aimed at consolidating the financial structure within the corporate family, leveraging internal resources for growth and stability.